Roth Ira Limits 2024 Married Filing Jointly Over 55

Roth Ira Limits 2024 Married Filing Jointly Over 55. If you have a traditional ira, a roth ira―or both―the maximum combined amount you may contribute annually across all your iras. 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.

Subtract from the amount in (1): Similarly, married couples filing jointly enter the partial contribution range when magi reaches $230,000 in 2024, up from $218,000 in 2023.