Roth Ira Limits 2024 Income Based

Roth Ira Limits 2024 Income Based. Depending on your magi, filing status, and earned income, you may be able to make the federal maximum contribution to your roth ira ($7,000 for those under 50; In addition to the general contribution limit that applies to both roth and traditional iras, your roth ira contribution may be limited.

For 2024, you can contribute up to $7,000 to a roth or traditional ira. The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000.