2024 Ira Contribution Limits Income Limit 2024. The ira contribution limit for 2024 is $7,000. 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.
The 2024 annual ira contribution limit is $7,000 for individuals under 50, or $8,000 for 50 or older. To be eligible to contribute the maximum amount in 2024, your modified adjusted gross income (magi) must be less than $146,000 (up from $138,000 last year).
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