Roth Contribution Limits 2024 Agi Limit

Roth Contribution Limits 2024 Agi Limit. Just a few years ago, in 2020, the standard contribution limit was $19,500. However, individual retirement account (ira) contributions will continue to be $7,000 in 2025, the same.


Roth Contribution Limits 2024 Agi Limit

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. 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 filing jointly, your magi.

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