Roth Ira Limits 2024 Income For. 1, which includes new adjusted gross income and modified agi for ira contributions. 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.

You’re limited in the amount you can contribute to a roth ira each year. What happens if your income is above the limit but you want to contribute to a roth ira?