Magi Limits For 2024 Roth Contributions. The maximum contribution limit for roth and traditional iras for 2024 is: The annual roth ira contribution limit in 2023 is $6,500 for adults younger than 50 and $7,500 for adults 50 and older.
The chart below details the modified adjusted gross income (magi) limits for 2024 based on the filing status of the tax return. The irs’s annual ira contribution limit covers contributions to all personal iras, including both traditional.
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