Roth Ira Contribution Limits 2024 For Spouse 2024. If the amount you can contribute must be reduced, figure your reduced contribution limit as follows. In 2024, the roth ira contribution limit is $7,000, or $8,000 if you're 50 or older.
The same combined contribution limit applies to all of your roth and traditional iras. 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 file jointly, your magi must.
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