Ira Contribution Limits 2024 Roth 401k. Here's a rundown of the 2023 and 2024 roth ira income and contribution limits, based on your filing status and modified adjusted gross income (magi): A roth ira is an ira that, except as explained below, is subject to the rules that apply to a traditional ira.
The 2024 roth ira income limits are $161,000 for single tax filers and $240,000 for those married filing jointly. The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000.
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