Roth Contribution Limits 2024 Magi Income. The chart below details the modified adjusted gross income (magi) limits for 2024 based on the filing status of the tax return. Below is an overview on contribution limits, as well as roth ira eligibility income limits and traditional ira tax deduction eligibility income limits.
Partial contributions are allowed for certain income. Most people who earn income will qualify for the maximum contribution of $7,000 in 2024, or $8,000 in the same year for those ages 50 and older.