Roth Contribution Limits 2024 Salary Increase . If you qualify, you can stash away up to $7,000 in your roth ira for the year. The roth ira income limits will increase in 2024.
These limits will remain the same in 2025. 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.
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