Roth Contribution Limits 2024 Magi

Roth Contribution Limits 2024 Magi. If you’re a single filer,. You're allowed to invest $7,000 (or $8,000 if you're 50 or older) in 2024.

 — the limit for annual contributions to roth and traditional individual retirement accounts (iras) for the 2023 tax year was $6,500 or $7,500 if you were age 50 or older.  — 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.