2024 Ira Contribution Limits Income Limit 2024. Page last reviewed or updated: 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.
If you are 50 and older, you can contribute an additional $1,000 for a total of $8,000. For 2024, you can contribute up to $7,000 to a roth or traditional ira.
2024 Ira Contribution Limits Income Limit 2024 Images References :