2024 Ira Contribution Limits Chart 2024. To be eligible to contribute the maximum amount in 2024, your modified adjusted gross income (magi) must be less than $146,000 (up from $138,000 last year) if single or between $230,000 and. 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.

The 2024 annual ira contribution limit is $7,000 for individuals under 50, or $8,000 for 50 or older. Workers who contribute to a 401(k), 403(b), most 457 plans and the federal government’s thrift savings plan can contribute up to $23,000 in 2024, a $500 increase from the $22,500 limit in 2023.