Roth Ira Contribution 2024 Calculator. 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. The maximum amount you can contribute to a roth ira for 2024 is $7,000 (up from $6,500 in 2023) if you're younger than age 50.

You can leave amounts in your roth ira as long as you live. Amount of roth ira contributions that you can make for 2024 this table shows whether your contribution to a roth ira is affected by the amount of your modified agi as computed for roth ira purpose.