401k And Roth Ira Contribution Limits 2024 Married. Find out the earned income, age, and income limits for. 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.

The contribution limit shown within parentheses is relevant to individuals age 50 and older. These accounts each have major tax benefits and contribution limits, which increase over time (the 401(k) contribution limit was $18,500 in 2018 and is $23,000 in.