Roth Ira 2024 Limit Income Tax Return. The contribution limit for individual retirement accounts (iras) for the 2024 tax year is $7,000. For 2020 and later, there is no age limit on making regular contributions to traditional or roth iras.

If you’re a single filer, you’re eligible to contribute a portion of the full amount if your magi is $146,000 or. This new retirement tax law went into effect in 2024.