Roth Contribution Limits 2024 Magi Calculator. The combined annual contribution limit for roth and traditional iras for the 2024 tax year is $7,000, or $8,000 if you're age 50 or older. Roth ira eligibility and contribution limits are based on your modified adjusted gross income (magi), depending.

The contribution limit in 2024 for those aged 49 and below is $7,000. Your magi determines your eligibility for contributing to a roth ira.