Roth Contribution Limits 2024 Magi. That's up from $138,000 in 2023. 2024 ira contribution and deduction limits effect of modified agi on deductible contributions if you are covered by a retirement plan at work.
For 2024, single filers must have a modified adjusted gross income (magi) of less than $146,000, and joint filers less than $230,000, to make a full contribution. 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 youโre married and filing jointly, your magi.