2024 Roth Ira Contribution Limits Married Filing Jointly

2024 Roth Ira Contribution Limits Married Filing Jointly. The 2024 annual ira contribution limit is $7,000 for individuals under 50, or $8,000 for 50 or older. You can’t make a roth ira contribution if your modified agi is $240,000 or more.

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 you’re married and filing. If you are part of a married couple filing jointly or a qualifying widow or widower with modified adjusted gross income of under $230,000, you can save the.