Roth Ira Income Limits 2024 Chart Usa

Roth Ira Income Limits 2024 Chart Usa. This table shows whether your contribution to a roth ira is affected by the amount of your modified agi as computed for roth ira purpose. Roth iras also have annual contribution limits.

In addition to the general contribution limit that applies to both roth and traditional iras, your roth ira contribution may be limited. 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.