Salary Cap For Roth Ira 2024. The contribution limit for a roth ira is $7,000 (or $8,000 if you are over 50) in 2024. You are allowed to contribute the full $7,000 to your roth ira if your modified adjusted gross income (magi) is less than $146,000 in 2024.
Contribution limits are enforced across traditional iras and roth iras, but income limits only apply to roth accounts. The roth ira income limits will increase in 2024.
