Roth Ira Limits 2024 Income Tax Rate

Roth Ira Limits 2024 Income Tax Rate. 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) if single or. This figure is up from the 2023 limit of $6,500.

The contribution limit for a roth ira is $6,500 (or $7,500 if you are over 50) in 2023. While investors can contribute $23,000 ($30,500 if they’re age 50 or over) to a roth or traditional/pretax 401(k) account in 2024, aftertax 401(k).