Max Ira Contribution 2024. 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. The irs released 401(k) and ira contribution limits for 2024.

You can contribute to an ira at any age. In 2023, the contribution limits were $6,500, or $7,500 for taxpayers who are 50 or older.