Roth Ira Contribution Limits 2024 Calculator Married Filing Jointly. The roth ira contribution limit for 2024 is $7,000, or $8,000 if you’re 50 or older. 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 filing.

Use nerdwallet’s free roth ira calculator to estimate your balance at retirement and calculate how much you are eligible to contribute to a roth ira. The maximum total annual contribution for all your iras (traditional and roth) combined is: