Ira Contribution Limit 2024. The irs has officially announced the 401k and ira contribution limits for the year 2024. The 2024 roth ira income limits are $161,000 for single tax filers and $240,000 for those married filing jointly.
The limit for annual contributions to roth and traditional individual retirement accounts (iras) for the 2024 tax year was $7,000 or $8,000 if you were age 50 or older. To be eligible to contribute the maximum amount in 2024, your modified adjusted gross income (magi) must be less than $146,000 (up from $138,000 last year).