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Get your taxes done using TurboTax
To contribute to a Roth IRA, single tax filers must have a modified adjusted gross income (MAGI) of less than $153,000 in 2023.
The above establishes whether or not you can contribute at all.
The Roth IRA contribution limit for 2023 is $6,500 for those under 50, and $7,500 for those 50 and older.
Above is the contribution limit if your MAGI allows you to contribute.
‎February 5, 2024
10:15 AM