Seka Winona

Roth Contribution Income Limits 2024 Over 50. For 2024, you can contribute $7,000 to an ira, plus $1,000 if you're 50 or older, for a total of $8,000. In 2024, your magi has to be under $146,000 for single filers or under $230,000 for joint filers to make the full roth ira contribution of $7,000 (or $8,000 if you're 50 or older).

If your employer offers a retirement plan, such as a 401 (k) or 403 (b) with a roth option, it has no income limits. You can make 2024 ira contributions until the unextended federal tax deadline (for income earned in 2024).