Max 401k And Roth Ira Contribution 2024. This is an extra $500 over 2023. The 2024 catch‑up contribution limit for individuals aged 50 and over will stay at $1,000, the same

For 2019, if you’re 70 ½ or older, you can’t make a regular contribution. 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 ira, and if you’re married and filing jointly, your magi must be under $228,000 for tax year 2023 and $240,000 for tax year 2024.