Roth Contribution Limits 2024 Magi Income. Those are the caps even if you make more, up to the phaseout level. Modified adjusted gross income (magi) deduction limit:
The roth ira contribution limit for 2024 is $7,000 for those under 50, and $8,000 for those 50 and older. The combined annual contribution limit for roth and traditional iras for the 2024 tax year is $7,000, or $8,000 if you’re age 50 or older.