2024 Roth Ira Contribution Limits 401k 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 2025 401(k) contribution limit increased to $23,500, up from $23,000 in 2024.
There’s also a $7,500 catch. The roth ira income limits will increase in 2024.