2024 Roth Ira Contribution Limits Magi . If your filing status is. The contribution limit for a roth ira is $7,000 (or $8,000 if you are over 50) in 2024.
For example, single filers and heads of household face specific magi thresholds. If your magi is $77,000 or less, you can deduct that full $7,000 from your taxable income on your 2024 tax return (filed in 2025).
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Roth Ira Contribution Limits 2024 Magi Limit Dinah Flossie , 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 youโre married and filing.
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