Ira And Roth Ira Limits 2024. Income limits for a roth ira set the maximum earnings individuals or couples can have to qualify for contributions within a specific year. In 2024, you can contribute up to $7,000.

This strategy allows you to move money from a pretax retirement account into a roth ira, bypassing income and contribution limits. The combined annual contribution limit for roth and traditional iras for the 2024 tax year is $7,000, or $8,000 if you’re age 50 or older.