Roth IRA Contribution Amount

Eligibility to contribute to a Roth IRA is determined by your modified adjusted gross income or MAGI for short at this time in 2024 The annual contribution limit for individuals for a Roth IRA is $7,000 if below age 50 and $8,000 if age 50 or older up from $6,500 and $7,500 respectively for 2023 A working spouse can also make contributions for ...

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