Roth Ira Contribution Limits 2024 Income. The 529 plan can also be a useful vehicle for. 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 you’re married and filing jointly, your magi.
In contrast, the roth ira lets you put away $7,000 (for 2024) for those under age 50, while those over 50 can save an additional $1,000 a year. So people 50 and older can invest $30,500.
Roth Ira Contribution Limits 2024 Income Images References :
