Ira Income Limits 2024. Limits on roth ira contributions based on modified agi. This table shows whether your contribution to a roth ira is affected by the amount of your modified agi as computed for roth ira purpose.

The ira contribution limit is $7,000, or $8,000 for individuals 50 or older in 2024. Whether or not you can make the maximum roth ira contribution (for 2024 $7,000 annually, or $8,000 if you’re age 50 or older) depends on your tax filing status and your modified adjusted gross income (magi).