Ira Contribution Phase Out Limits 2024. In 2024, individuals whose magi is $161,000 and above and married couples filing jointly whose magi is. The 2024 annual ira contribution limit is $7,000 for individuals under 50, or $8,000 for 50 or older.


Ira Contribution Phase Out Limits 2024

You can contribute a maximum of $7,000 (up from $6,500 for 2023). While anyone can open a roth ira, your income level in 2024 may impact how much you can contribute.

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