2024 Roth Ira Contribution Limits Magi

2024 Roth Ira Contribution Limits Magi. In 2024, the roth ira income limit to qualify for a roth ira is <$161,000 of modified adjusted gross income (magi) for single filers and <$240,000 for joint filers. 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) if single or between $230,000 and.

Note that contribution limits shown in parentheses are. The combined annual contribution limit for roth and traditional iras for the 2024 tax year is $7,000, or $8,000 if you’re age 50 or older.