Roth Ira Limits 2024 Agi. Limits on roth ira contributions based on modified agi. The value of that limit is calculated using a formula based on your agi and filing.

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. If you’re age 50 and older, you can add an extra $1,000 per year.