Kim Tanhya

Roth Ira Limits 2024 Income Limits For Single. For the 2024 tax year, the maximum contribution you can make between both traditional and roth iras is $7,000. Your roth ira contribution limit depends on your tax filing status and your modified adjusted gross income (magi).

Single, head of household and married filing separately (didn’t live with a spouse in 2022) The limit for annual contributions to roth and traditional individual retirement accounts (iras) for the 2023 tax year was $6,500 or $7,500 if you were age 50 or older.