Roth Ira Income Limits 2024 Married Spouse

Roth Ira Income Limits 2024 Married Spouse. Roth ira income and contribution limits for 2024; If you are married and file a joint tax return, only one spouse needs to have the required compensation.

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.