October 16, 2024

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Roth Contribution Limits 2024 Magic Quadrant

Roth Contribution Limits 2024 Magic Quadrant. 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. $6,500 plus an additional $1,000 for employees age 50 or older in 2023;


Roth Contribution Limits 2024 Magic Quadrant

This table shows whether your contribution to a roth ira is affected by the amount of your modified agi as computed for roth ira purpose. The roth ira contribution limit for 2024 is $7,000 for those under 50, and $8,000 for those 50 and older.

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