Ira Income Limits 2024 Married. 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 jointly, your magi. The roth ira contribution limit for 2024 is $7,000 for those under 50, and $8,000 for those 50 and older.
You can contribute to an ira at any age. The annual contribution limit for a traditional ira in 2023 was $6,500 or your taxable income.
Ira Income Limits 2024 Married Images References :