Max Roth Retirement Contribution 2024. The maximum amount you can contribute to a roth ira for 2024 is $7,000 (up from $6,500 in 2023) if you're younger than age 50. Employees can invest more money into 401(k) plans in 2024, with contribution limits increasing from $22,500 in 2023 to $23,000 in 2024.
If you’re a single filer, you’re eligible to contribute a portion of the full amount if your magi is $146,000 or more, but less than $161,000. In addition to the general contribution limit that applies to both roth and traditional iras, your roth ira contribution may be limited based on your filing status and income.
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