2024 Roth Ira Contribution Limits Magi

2024 Roth Ira Contribution Limits Magi. 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. Those are the caps even if.

The maximum amount you can contribute to a roth ira in 2023 is $6,500, or $7,500 if you’re age 50, or older.  — the roth ira contribution limit for 2024 is $7,000 for those under 50, and $8,000 for those 50 and older.