Roth Ira Contribution Limits 2024 Chartered Bank. 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 roth ira contribution limit for 2024 is $7,000, or $8,000 if you’re 50 or older.


Roth Ira Contribution Limits 2024 Chartered Bank

You’re allowed to increase that to $7,500 ($8,000 in 2024) if you’re age 50 or older. For 2024, the upper limit for a contribution to a roth ira reaches $240,000 for certain filers, to account for inflation and increasing wages.

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