Roth Contribution Limits 2024 Income Limit. For 2023, the maximum amount you can contribute to a roth ira is $6,500 ($7,000 in 2023). Discover the roth ira contribution limits for 2024, and how they can impact your retirement savings.

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. You’re allowed to invest $7,000 (or $8,000 if you’re 50 or older) in 2024.