2024 Roth Ira Contribution Limits Magi 2023 . Contribute the maximum roth ira amount: The combined annual contribution limit for roth and traditional iras for the 2024 tax year is $7,000, or $8,000 if you're age 50 or older.
You are allowed to contribute the full $7,000 to your roth ira if your modified adjusted gross income (magi) is less than $146,000 in 2024. You can contribute to an ira at any age.
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