Hedda Sherrie

Ira Limits 2024 Married. 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. $7,000 ($8,000 if you're age 50 or older), or if less, your.

Your deduction is allowed in full if you (and your spouse, if you are married) aren’t covered by a retirement plan at work. In 2024, if your individual modified agi is less than $10,000, you’re able to contribute.