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2024 Roth Ira Contribution Limits Magi

2024 Roth Ira Contribution Limits Magi. That's up from $138,000 in 2023. In 2024, the roth ira contribution limit is $7,000, or $8,000 for individuals age 50 and older, allowing those who are closer to retirement to make additional contributions.


2024 Roth Ira Contribution Limits Magi

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 youโ€™re married and filing jointly, your magi. You can make 2024 ira contributions until the unextended federal.

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