Roth Ira Contribution Limits 2024 Salary Cap

Roth Ira Contribution Limits 2024 Salary Cap. If you have a traditional ira, a roth ira―or both―the maximum combined amount you may contribute annually across all your iras is the same: That means you'll be able to stash away up to $7,000 in a roth ira in 2024, up from $6,500 in 2023.

To be eligible to contribute the maximum amount in 2024, your modified adjusted gross income (magi) must be less than $146,000 (up from $138,000 last year) if single, or. Traditional ira and roth ira contribution limits in 2025.