Ira Limits 2025 Married Filing Joint. If you file taxes as a single person, your modified adjusted gross income (magi) must be under $153,000 for tax year 2023 and $161,000 for tax year 2025 to contribute to a roth ira, and if you’re married and filing jointly, your magi. The ira contribution limits for 2025 are $7,000 for those under age 50, and $8,000 for those age 50 or older.
Contributions begin phasing out above those amounts, and you can’t put any money into a roth ira once your income reaches $161,000 if a single filer or $240,000 if. Each spouse can have their own roth ira, allowing both to.