Roth Contribution Limits 2024 Agi Limit. The limit for annual contributions to roth and traditional individual retirement accounts (iras) for the 2024 tax year was $7,000 or $8,000 if you were age 50 or older. The contribution limits for traditional and roth iras will remain unchanged from 2024, allowing individuals to.
To be eligible to contribute the maximum amount in 2024, your modified adjusted gross income (magi) must be less than $146,000 (up from $138,000 last year). The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000.