Ira Contribution Limits 2024 Magi. For the 2024 year, individuals under the age of 50 can contribute $7,000 to an ira. 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.
Modified agi limit for traditional ira contributions increased. You may take a full deduction if you and your spouse are not covered by a workplace retirement plan โ regardless of your income โ or your modified adjusted gross income.
Ira Contribution Limits 2024 Magi Images References :
