Roth Ira Contribution Limits 2024 For Spouse And Children

Roth Ira Contribution Limits 2024 For Spouse And Children. You can make a contribution to your ira by having your income tax refund (or a portion of your refund), if any, paid directly to your traditional ira, roth ira, or sep ira. For example, single filers and heads of household face specific magi thresholds.

To be eligible to contribute the maximum amount in 2024, your modified adjusted gross income (magi) must be less than $146,000 (up from $138,000 last year). $7,000 per individual in 2024.