Salary Limit For Roth Ira 2024. If you are 50 and older, you can contribute an additional $1,000 for a total of $8,000. The income limit for contributing to a roth ira in 2024 kicks in once an individual’s modified adjusted gross income hits $161,000, or $240,000 for married filing jointly.
Whether or not you can make the maximum roth ira contribution (for 2024 $7,000 annually, or $8,000 if you’re age 50 or older) depends on your tax filing status and your. For 2024, your roth ira contribution limit is reduced (phased out) in the following situations.