Ira Contribution Limits 2024 Married In India

Ira Contribution Limits 2024 Married In India. If you're covered by a retirement plan at work, use this table to determine if your modified agi affects the amount of your deduction. 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 must be under $228,000 for tax year 2023 and $240,000 for tax year 2024.

The deal gets sweeter for those aged 50 and older, who can contribute an additional $1,000. $7,000 ($8,000 if you’re age 50 or older), or.