Roth IRA income limits
There are no income limits for a traditional IRA, but how much you earn does determine how much you can contribute to a Roth IRA.
Income limits for a Roth IRA set the maximum earnings individuals or couples can have to qualify for contributions within a specific year. For 2024, single filers must have a modified adjusted gross income (MAGI) of less than $146,000, and joint filers less than $230,000, to make a full contribution. There are no age requirements for contributing to a Roth IRA, so individuals of any age with qualifying income can contribute.
Whether or not you can make the maximum Roth IRA contribution (for 2024, $7,000 annually, or $8,000 if you're age 50 or older) depends on your tax filing status and your MAGI.