Roth Ira 2024 Maximum Contribution. If less, your taxable compensation for the year. You can make a contribution to your ira by having your income tax refund (or a portion of your refund), if any, paid directly to your traditional ira, roth ira, or sep ira.
The 2024 roth ira income limits are $161,000 for single tax filers and $240,000 for those married filing jointly. The maximum amount you can contribute to a roth ira for 2024 is $7,000 (up from $6,500 in 2023) if you’re younger than age 50.
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