Roth Ira Contribution Limits 2024 Magi Limit

Roth Ira Contribution Limits 2024 Magi Limit. If you’re a single filer, you’re. Beginning in 2024, the ira contribution limit is increased to $7,000 ($8,000 for individuals age 50 or older) from $6,500 ($7,500 for individuals age 50 or.

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) if single, or. The 401(k) contribution limit for 2025 is $23,500, up from $23,000 in 2024.