Roth Ira Income Limit 2024 Married. 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. Contribution limits are enforced across traditional iras and roth iras, but income limits only apply to roth accounts.
— “the irs states that you must have earned income to contribute to an ira,” smith says. If you only reported $500 in 2024.
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