Ira Limits 2024 Income Limits Over 50. As with traditional ira contribution limits, the roth income limits are adjusted for. In 2024, single filers with a modified adjusted gross income (magi) over $161,000 and married couples with a magi over $240,000 cannot contribute directly to a roth ira.
Roth ira contributions have limits based on your income. The ira contribution limit is $7,000, or $8,000 for individuals 50 or older in 2024 and 2025.