Roth Contribution Limits 2024 And Magi. To secure your money for when you retire, it’s a good idea to start planning now. 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 file jointly, your magi must be under $228,000 for tax year 2023 and.
Modified agi limit for roth ira contributions increased. According to the fidelity ® q2 2023 retirement analysis, roth iras are now the most popular way to save for retirement outside of a workplace plan.
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