Roth Ira Magi Limits 2024
Roth Ira Magi Limits 2024. You can contribute to a roth ira if you are earning an income and you meet certain requirements. To be eligible to contribute the maximum amount in 2024, your modified adjusted gross income (magi) must be less than $146,000 (up from $138,000 last year) if single or.
The annual roth ira contribution limit in 2023 is $6,500 for adults younger than 50 and $7,500 for adults 50 and older. In 2024, single filers with a magi above $161,000 and married couples above $240,000 are ineligible to contribute to a roth ira directly.