2024 Roth Ira Limits Income Tax. You can contribute the amount of your earned income or $7,000 to a traditional ira in 2024, whichever is less. Your personal roth ira contribution limit, or eligibility to contribute at all, is.
Unlike traditional iras, there are income. If you file taxes as a single person, your modified adjusted gross income (magi) must be under $153,000 for tax year 2023 and $161,000 for tax year 2024 to contribute to a roth.