Roth Ira Income Limits 2024 Mfjhd. The contribution limit for a roth ira is $7,000 (or $8,000 if you are over 50) in 2024. The maximum amount you can contribute to a roth ira for 2024 is $7,000 (up from $6,500 in 2023) if you're younger than age 50.
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. In 2024, these limits are $7,000, or $8,000 if you’re 50 or older.
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