Roth Ira Limits 2024 Catch Up In India. This table shows whether your contribution to a roth ira is affected by the amount of your modified agi as computed for roth ira purpose. But as we touched on above, your income may limit whether you can contribute to a roth.

This figure is up from the 2023 limit of $6,500. 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 filing jointly, your magi must be under $228,000 for tax year 2023 and $240,000 for tax year 2024.