Traditional Ira Contribution Limits 2024 Magi. 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 filing jointly, your magi must be under $228,000 for tax year 2023 and $240,000 for tax year 2024. Individuals with magi between $146,000 and $161,000 and married couples with magi between $230,000 and $240,000 can make a partial roth.

The annual contribution limit for a. If you have a traditional ira, a roth ira―or both―the maximum combined amount you may contribute annually across all your iras is the same: