Magi Limits Roth Ira 2024. In 2024, your magi has to be under $146,000 for single filers or under $230,000 for joint filers to make the full roth ira contribution of $7,000 (or $8,000 if you're 50 or older). Review a table to determine if your modified adjusted gross income (agi) affects the amount of your deduction from your ira.

If your magi is $77,000 or less, you can deduct that full $7,000 from your taxable income on your 2024 tax return (filed in 2025). If you’re age 50 and older, you can add an.