Income Limits For Roth Ira Contributions 2024 Over 50. Contribute the maximum roth ira amount: 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.

Anyone can contribute to a traditional ira, but your ability to deduct contributions. 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.