Roth Income Limits 2024 Married Filing Jointly

Roth Income Limits 2024 Married Filing Jointly. In 2024, married couples filing jointly can contribute to a roth ira if their magi is less than $230,000. Each spouse can contribute up to $23,000 in their 401 (k) account for 2024, or up to $46,000 as a couple.

The exception is if your joint income is now higher than the income limits for roth iras set by the internal revenue service (irs) for couples filing jointly: Divide the result in (2) by $15,000 ($10,000 if filing a joint return, qualifying surviving spouse, or married filing a separate return and you lived with your spouse at any.