Roth Ira Max Contribution 2024 Income Limits Over 55. Contribute the maximum roth ira amount: The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000.

You are allowed to contribute the full $7,000 to your roth ira if your modified adjusted gross income (magi) is less than $146,000 in 2024. If you’re age 50 and older, you can add an extra $1,000 per year in.