Roth Ira Contribution Income Limits 2024 Irs. Your roth ira contribution may be reduced or eliminated if you earn too much. 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 ira, and if you're married and file jointly, your magi must be under $228,000 for tax year 2023 and $240,000 for tax year 2024.

The maximum amount you can contribute to a roth ira in 2023 is $6,500, or $7,500 if you’re age 50, or older. Anyone can open a roth ira.