Magi Limits Roth Ira 2024. Depending on your filing status and modified. But contributing to a roth ira directly may not be an option if you earn too much money.
For tax year 2024, single filers and heads of household with a magi between $146,000 and $161,000 can only contribute a reduced amount. The limit for annual contributions to roth and traditional individual retirement accounts (iras) for the 2023 tax year was $6,500 or $7,500 if you were age 50 or older.
