Roth Ira Limits 2024 Married Jointly. The amount you can contribute to a roth ira depends on your annual 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) if single or between $230,000 and.

You can contribute to a traditional ira regardless of how much money you earn but you’re not eligible to open. How much you can contribute to a roth ira—or if you can contribute at all—is dictated by your income, specifically your household’s modified adjusted gross income (magi).