Roth Ira Limits 2024 Income Limits Over 50. 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. Qualified roth ira distributions are not subject to income tax or capital gains tax.
However, when you get divorced, youโll need to recheck the roth. Amount of roth ira contributions that you can make for 2024 this table shows whether your contribution to a roth ira is affected by the amount of your.