Roth Ira Income Limit 2024 Single

Roth Ira Income Limit 2024 Single. Married filing jointly or qualifying widow(er): 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 a single earner reports $100,000 in income this year, she is in the 22% tax bracket. Depending on your magi, filing status, and earned income, you may be able to make the federal maximum contribution to your roth ira ($7,000 for those under 50;