Ira Contribution Limit 2024 Uk. The irs limits how much you can. 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.
For the 2023 tax year, the irs set the annual ira contribution limit at $6,500 for those under 50 years old. This table shows whether your contribution to a roth ira is affected by the amount of your modified agi as computed for roth ira purpose.
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