Roth Ira Contribution Limits 2024 For Spouse

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Roth Ira Contribution Limits 2024 For Spouse. Ira and roth ira contribution limits. You’re allowed to increase that to $7,500 ($8,000 in 2024) if you’re age 50 or older.


Roth Ira Contribution Limits 2024 For Spouse

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 2023, the limit is $6,500.

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