Roth Ira Limits 2024 Married Filing Jointly Over 55. 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. The deduction may be limited if you or your spouse is covered by a retirement plan at work and your income exceeds.
The 2025 standard deduction amounts are as follows: The internal revenue service has issued their annual cost of living adjustments for.