Ira Limits 2024 Tax. For the tax year 2024, a taxpayer filing as a single individual must have a magi of less than $161,000 in order. The ira contribution limit is $7,000, or $8,000 for individuals 50 or older in 2024 and 2025.
Here’s what you should know about roth ira contribution limits, and how you can avoid overcontributing. The 2024 roth ira income limits are $161,000 for single tax filers and $240,000 for those married filing jointly.