Roth Ira Contribution Income Limits 2024 Irs. If you are 50 and older, you can contribute an additional $1,000 for a total of $8,000. 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) if single or between $230,000 and.

$19,500 in 2021 ($30,500 in 2024; A roth ira can be opened for a minor child who has earned income for the year.