Roth Ira Income Limits 2024 Income. 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). The same combined contribution limit applies to all of your roth and traditional iras.

The money in a roth ira builds over time, with no income taxes due, and you don’t have to pay taxes on withdrawals in retirement, either. The same combined contribution limit applies to all of your roth and traditional iras.