401k And Roth Ira Contribution Limits 2024. Both a traditional ira and a backdoor roth ira have the same. 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.


401k And Roth Ira Contribution Limits 2024

In 2023, the limit was $6,500. For individuals, 50 and older, the limit is $8,000.

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