Roth Ira Contribution Limits 2024 Salary Cap In India. Contribution limits are enforced across traditional iras and roth iras, but income limits only apply to roth accounts. This figure is up from the 2023 limit of $6,500.

Assuming that your earned income. 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 filing.