2024 Ira Contributions Over 50. In 2024, your magi has to be under $146,000 for single filers or under $230,000 for joint filers to make the full roth ira contribution of $7,000 (or $8,000 if you're 50 or older). Whether you’re contributing to a traditional ira, roth ira, or a combination, the 2024 contribution limit is $7,000, or $8,000 for those aged 50 and older.
In 2024, your magi has to be under $146,000 for single filers or under $230,000 for joint filers to make the full roth ira contribution of $7,000 (or $8,000 if you’re 50 or older). The contribution limit on a simple ira, another workplace plan, also increased to.
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