Magi Limits For Roth Ira 2024. How much you can contribute to a roth ira—or if you can contribute at all—is dictated by your income, specifically your household's modified adjusted gross income (magi). To make the full $7,000 (or $8,000 if you're age 50 or older) contribution to a roth ira for the 2024 tax year, your modified adjusted gross income must be less than $146,000 if you're single.
The roth ira has lower contribution limits. For 2023, the maximum amount you can contribute to a roth ira is $6,500 ($7,000 in 2023).