what is the income limit for roth ira

The income limit for Roth IRA contributions depends on your tax filing status and your modified adjusted gross income (MAGI) . For tax year 2023, if you file taxes as a single person, your MAGI must be under $153,000 to contribute to a Roth IRA, and if youre married and file jointly, your MAGI must be under $228,000. The contribution limit for a Roth IRA is $6,500 (or $7,500 if you are over 50) in 2023.