2024 Ira Contribution Limits Income Tax. The roth ira income limit to make a full contribution in 2024 is less than $146,000 for single filers, and less than $230,000 for those filing jointly. The ira contribution limit is $7,000, or $8,000 for individuals 50 or older in 2024.
When the individual retirement account (ira) was created in 1974, the contribution limit per year was $1,500; 401 (k) contribution limits for 2024.