Roth Ira Income Limit 2025 Single

Roth Ira Income Limit 2025 Single. 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 2025 to contribute to a. The annual roth ira contribution limit in 2023 is $6,500 for adults younger than 50 and $7,500 for adults 50 and older.

The limit for annual contributions to roth and traditional individual retirement accounts (iras) for the 2023 tax year was $6,500 or $7,500 if you were age 50 or older. You’re married filing jointly or a qualifying widow(er) with an agi of.