2024 Ira Income Limits Married Filing Jointly. In 2024, married couples filing jointly can contribute to a roth ira if their magi is less than $230,000. For 2023 and 2024, married individuals filing separately can only contribute to a roth ira if their modified adjusted gross income (magi) is less than $10,000.
The ira contribution limit is $7,000, or $8,000 for individuals 50 or older in 2024. 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.
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