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Income Limit To Contribute To Roth Ira 2024. To be eligible to contribute the maximum amount in 2024, your modified adjusted gross income (magi) must be less than $146,000 (up from $138,000 last year) if single or between $230,000 and. The irs has announced that individuals can now contribute up to $7,000 to their roth ira, a $500 increase from the previous year.
Your maximum roth ira contribution would be capped at $6,000, which is your earned income for the year. The contribution limit for a roth ira is $7,000 (or $8,000 if you are over 50) in 2024.
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