Roth Ira Contribution Limits 2024 Magi Limit. Those are the caps even if you make more, up to the phaseout level. The limit for annual contributions to roth and traditional individual retirement accounts (iras) for the 2024 tax year was $7,000 or $8,000 if you were age 50 or older.
At certain incomes, the contribution amount is lowered until it is eliminated completely. Those are the caps even if you make more, up to the phaseout level.