Traditional Ira Income Limits 2024 Married. 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. $6,500 if you're younger than age 50.

The deal gets sweeter for those aged 50 and older, who can contribute an additional $1,000. The annual contribution limit for a traditional ira in 2023 was $6,500 or your taxable.