Magi Limits For 2024 Roth Contributions

Magi Limits For 2024 Roth Contributions. If you have a traditional ira, a roth ira―or both―the maximum combined amount you may contribute annually across all your iras. 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).

Note that contribution limits shown in parentheses are. Roth ira income and contribution limits for 2024 the maximum amount you can contribute to a roth ira in 2023 is $6,500, or $7,500 if you’re age 50, or older.