Ira Limits 2024 Taximed. 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. Explore traditional, sep, simple, and spousal ira contribution limits.
The irs has announced the increased roth ira contribution limits for the 2024 tax year. In 2024, you can contribute a maximum of $7,000 to a roth ira.