Roth Ira Limit 2024 Income Tax. You can make 2024 ira contributions until the. At certain incomes, the contribution amount is lowered until it is eliminated completely.

Those are the caps even if you make more, up to the phaseout level. Using this example, say that you hold $745,000 in a 401(k).if you convert this amount in one lump sum, you would add $745,000 to your taxable income for that.