Roth Ira Contribution Limits 2024 Phase Out Over 55. You can make 2024 contributions to your roth or traditional ira until april 15, 2025. The income thresholds to be eligible for a roth ira are also higher in 2024.

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 jointly, your magi. The income thresholds to be eligible for a roth ira are also higher in 2024.