2024 Ira Contribution Limits Income Limitations. In 2024 you can contribute up to $7,000 or your taxable compensation. Roth ira eligibility and contribution limits are based on your modified adjusted gross income.
These limits saw a nice increase, which is due to higher than average. You can move $35,000 from the 529 to the roth ira over the beneficiary’s lifetime, but you still must adhere to the annual ira contribution limits: