Roth Ira Limits 2024 Married Filing Jointly Over 55

Roth Ira Limits 2024 Married Filing Jointly Over 55. In addition to the general contribution limit that applies to both roth and traditional iras, your roth ira contribution may be limited based on. The combined annual contribution limit for roth and traditional iras for the 2024 tax year is $7,000, or $8,000 if you're age 50 or older.

In 2024, married couples filing jointly can contribute to a roth ira if their magi is less than $230,000. This table shows whether your contribution to a roth ira is affected by the amount of your modified agi as computed for roth ira purpose.