Roth Ira Limits 2024 Income 2024 . 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. The roth ira contribution and income limits are rising in 2024.
In 2024, the roth ira contribution limit is $7,000, or $8,000 if you’re 50 or older. In 2023, the roth ira contribution limits for most people are $6,500, or $7,500 if you’re 50 or older.
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