Married (filing separately)1 < $10,000 Partial contribution ≥ $10,000 Not eligible Source: "401(k) limit increases to $23,000 for 2024, IRA limit rises to $7,000," Internal Revenue Service, November 2023. Roth IRA income requirements for 2025 Filing statusModified adjusted gross income ...
Roth IRA Contribution Limits (Tax year 2024) Single Filers (MAGI)Married Filing Jointly (MAGI)Married Filing Separately (MAGI)Maximum Contribution for individuals under age 50Maximum Contribution for individuals age 50 and older under $146,000under $230,000$0$7,000$8,000 ...
Roth IRA contribution limits 2024 Single, head of household, or married filing separately (if you didn't live with spouse during year) Less than $146,000. $7,000 ($8,000 if 50 or older). $146,000 or more, but less than $161,000. Contribution is reduced. $161,000 or more. No ...
If your status is Married Filing Separately you are effectively locked out due to an extremely restrictive limit. (The rationale: the government doesn't want to give you a tax break in case your spouse is high-income. The exception: if you and your spouse lived apart for the whole year,...
≥ $230,000 but < $240,000 Partial contribution (calculate) ≥ $240,000 Not eligible Married (filing separately)* Not eligible $7,000 < $10,000 Partial contribution (calculate) ≥ $10,000 Not eligible 2025 Filing status Modified adjusted gross income (MAGI) Contribution limit Single individu...
FILING STATUSMAGICONTRIBUTION Married Filing Jointly / Qualifying Widow(er) <$230,000 Up to the Limit Married Filing Jointly / Qualifying Widow(er) ≥$230,000 but ≤ $240,000 Reduced Amount Married Filing Jointly / Qualifying Widow(er) ≥$240,000 Zero Married Filing Separately, Lived With ...
Married Couples Filing Separately: Couples with a MAGI below $10,000 can contribute a reduced amount. Couples with a MAGI of $10,000 or more can’t contribute to a Roth IRA. Single Tax Filers: Single tax filers with a MAGI below $138,000 can contribute up to the full amount. ...
single, head of household, or married filing separately and you did not live with your spouse at any time during the year2023: $153,000 or more 2024: $161,000 or morezero Source: IRS.gov Roth contribution limits for2023and2024 How much of a traditional IRA deduction are you allowed to...
Married filing separately and head-of-household filers can use the limits for single people if they haven't lived with their spouse in the past year.10 Roth IRA Contribution Limits Anyone of any age can contribute to a Roth IRA, but the annual contribution can't exceed their earned income....
Married filing separately (if you lived with your spouse at any time during the year)Less than $10,000Reduced $10,000 or moreNot eligible 2024 Roth IRA Income Limits Filing Status2024 Modified AGIContribution Limit Married filing jointly or qualifying widow(er)Less than $230,000$7,000 ($8...