Ashlen Marcelle

Ira Contribution Limits 2024 Magi. 12 rows if you file taxes as a single person, your modified adjusted. If you’re a single filer, you’re eligible to contribute a portion of the full amount if your magi is $146,000 or more, but less than $161,000.

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. If your magi is less than $146,000, then you can contribute the full amount.