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Roth Ira Contribution Limits 2024 Married In India. 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. The contribution limit for individual retirement accounts (iras) for the 2024 tax year is $7,000.

Ira account holders can contribute up to $7,000 in 2024, which is a $500 jump over the 2023 cap. The roth ira contribution limit for 2024 is $7,000 in 2024 ($8,000 if age 50 or older).