Roth Ira Income Limits 2024 Single

Roth Ira Income Limits 2024 Single. In 2024, if a single filer makes more than $146,000 per year, they’ll only be eligible to contribute a reduced amount, with the inability to make any contributions if. The annual roth ira contribution limit in 2023 is $6,500 for adults younger than 50 and $7,500 for adults 50 and older.

$7,000 for people aged 49 and under $8,000 for people aged 50 and over (the extra $1,000 is known as a catchup. If you’re a single filer, you’re eligible to contribute a portion of the full amount if your magi is $146,000 or more, but less than $161,000.