Roth Ira Contribution Income Phase Out 2024. Those over 50 can still contribute up to $1,000 more in 2024, meaning that the limit is now $8,000. In 2024, folks under 50 can contribute up to $7,000 to a traditional or roth ira.
The income thresholds to be eligible for a roth ira are also higher in 2024. If you’re a single filer, you’re eligible to contribute a portion of the full amount if your magi is $146,000 or more, but less than $161,000.
