Magi Limits Roth Ira 2024

Magi Limits Roth Ira 2024

Magi Limits Roth Ira 2024. To be eligible to contribute the maximum amount in 2024, your modified adjusted gross income (magi) must be less than $146,000 (up from $138,000 last year). The combined annual contribution limit for roth and traditional iras for the 2024 tax year is $7,000, or $8,000 if you're age 50 or older.


Magi Limits Roth Ira 2024

Roth ira income limits for 2024. Single taxpayers with modified adjusted gross income, or magi, of less than $138,000 are eligible to contribute the full amount of $6,500 to roth and traditional iras.

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