Ira Limits 2024 Tax Deduction. Alternatively, you may contribute to a roth ira, provided your magi satisfies the roth ira eligibility limits. The tax deduction phases out for single filers who have a modified gross income between $77,000 and $87,000 in 2024 and increase to $79,000 and $89,000 in 2025.
How ira deduction rules apply. The roth ira contribution limit for 2024 is $7,000 for those under 50, and an additional $1,000 catch up contribution for those 50 and older.
Ira Limits 2024 Tax Deduction Images References :
