Roth Ira Contribution Limits 2024 Magi Increase

Roth Ira Contribution Limits 2024 Magi Increase. To count toward the current year. Roth ira contribution limits have increased for 2024.


Roth Ira Contribution Limits 2024 Magi Increase

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 file. Those limits reflect an increase of $500 over the 2023.

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