Roth Ira Limits 2024 Married Filing Jointly Over 65

Roth Ira Limits 2024 Married Filing Jointly Over 65. 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 filing jointly, your magi. Single adults with magis above $161,000 and married couples filing jointly with magis of more than $240,000 are ineligible to make a direct roth ira contribution in 2024.

If your 2024 modified adjusted gross income (modified agi) is greater than $146,000 for single taxpayers, or $230,000 if you’re married and filing jointly, your 2024 roth. The annuity expert offers the only free roth ira calculator that estimates growth for your retirement savings and calculates guaranteed income.