Roth Limits 2024 Over 50. In 2024, your magi has to be under $146,000 for single filers or under $230,000 for joint filers to make the full roth ira contribution of $7,000 (or $8,000 if. The limit for contributions to traditional and roth iras for 2024 is $7,000, plus an additional $1,000 if the taxpayer is age 50 or older.

The annual roth ira contribution limit in 2023 is $6,500 for adults younger than 50 and $7,500 for adults 50 and older. This limit was $6,500 in 2023.