Traditional Ira Contribution Limits 2024 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. 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.
$6,500 (for 2023) and $7,000 (for 2024) if you’re under age 50. Retirement savers age 50 and older can chip in an.