Roth Contribution Limits 2024 Couples Contribution Limits

Roth Contribution Limits 2024 Couples Contribution Limits. In 2024, married couples filing separately face stringent roth ira contribution limits. You can leave amounts in your roth ira as long as you live.

The ira contribution limits for 2024 are $7,000 for those under age 50, and $8,000 for those age 50 or older. 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 file jointly, your magi must.