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If you're single or head of household, you can contribute the full amount to a Roth IRA if your income is under $150,000. That's up from $146,000 in 2024. Once your income goes above that, you'll ...
Some people in their 30s may not eligible for a Roth IRA due to income limits. (In 2024, the modified adjusted gross income limit is $146,000 for single filers and $230,000 for joint filers.)
Tax filing status. Modified adjusted gross income (MAGI) Contributions. Single or head of household. Less than $146,000. Full amount up to the limit. Single or head of household
Roth IRA. Traditional IRA. Maximum contributions. $7,000 or $8,000 if you’re age 50 or older. $7,000 or $8,000 if you’re age 50 or older. Income limits
For 2023, the Roth IRA income limits for single filers, heads of household and married couples who file separately but do not live with their spouse during the year are as follows:
Do you earn too much income to open or contribute to a Roth IRA? Learn about the IRS's rules when it comes to Roth IRAs. Rules for Roth IRAs: Is there an income limit for contributions?