Ira Income Limits 2024 Fidelity. Ira contribution limits have also increased to $7,000 for 2024, compared to $6,500 for 2023. To be eligible to contribute the maximum amount in 2024, your modified adjusted gross income (magi) must be less than $146,000 (up from $138,000 last year).

Those limits reflect an increase of $500 over the 2023. A backdoor roth ira may be particularly appealing to those who earn too much to contribute directly to a roth ira.