2024 Roth Income Limits Married. The maximum amount you can contribute to a roth ira in 2023 is $6,500, or $7,500 if you’re age 50, or older. Whether or not you can make the maximum roth ira contribution (for 2024 $7,000 annually, or $8,000 if you're age 50 or older) depends on your tax filing status and your.
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 filing. The limit for annual contributions to roth and traditional individual retirement accounts (iras) for the 2024 tax year was $7,000 or $8,000 if you were age 50 or older.
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