Ira 2024 Contribution Limit Chart. 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. If you're age 50 or older, you're eligible for extra contributions as well.
If you’re age 50 or older, you’re eligible for extra contributions as well. The annual contribution limit for a traditional ira in 2023 was $6,500 or your taxable.