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How Much Can You Contribute To Roth Ira 2024 Fidelity
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How Much Can You Contribute To Roth Ira 2024 Fidelity. The account or annuity must be designated as a roth ira when it is set up. 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 you’re married and filing jointly, your.
The table below breaks this down. 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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