Roth Ira Contribution Limits 2024 Fidelity. The maximum amount you can contribute to a roth ira in 2023 is $6,500, or $7,500 if you’re age 50, or older. If you are age 50 or older, you may contribute $8,000 a year.
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 roth ira, and if you’re married and file jointly, your magi must be under $228,000 for tax year 2023 and $240,000 for tax year 2024. The ira maximum contribution limit is $7,000 for 2024 (with an additional $1,000 allowed for those ages 50 and older).
Roth Ira Contribution Limits 2024 Fidelity Images References :