Making contributions to your M1 Roth IRA is straightforward, but it’s important to understand both the process and your eligibility for contributing. This guide covers contribution limits, income rules, and step-by-step instructions for making deposits.
2024 & 2025 IRA contribution limits
For both 2024 and 2025:
If you are under age 50: $7,000 total to all your IRAs (Traditional & Roth combined).
If you are age 50 or older: $8,000 (includes $1,000 "catch-up" contribution).
Roth IRA income eligibility limits
Your ability to contribute to a Roth IRA phases out at higher income levels. Below are the IRS limits for 2024 contributions (2025 limits are typically adjusted slightly higher; check IRS.gov for updates each year):
2024 Roth IRA contribution eligibility by filing status:
Filing Status | Full Contribution Allowed If MAGI* Is: | Partial Contribution Allowed If MAGI Is: | Not Allowed If MAGI Is: |
Single/Head of Household | < $146,000 | $146,000–$161,000 | ≥ $161,000 |
Married Filing Jointly | < $230,000 | $230,000–$240,000 | ≥ $240,000 |
Married Filing Separately | $0 | $0–$10,000 | ≥ $10,000 |
* Modified Adjusted Gross Income (MAGI).
To calculate your MAGI, see IRS Publication 590-A or consult a tax professional.
Contribution deadlines
IRA contributions for a given tax year can be made up to the tax filing deadline for the following year (generally April 15).
Example: 2024 contributions can be made from January 1, 2024, through April 15, 2025.
When depositing, you will be able to select whether your contribution applies to the current or previous tax year (during the eligible window).
Instructions: Making a contribution to your M1 IRA
Web
Log in to your M1 account at m1.com.
Click "Move Money" in the main menu.
Select the type of transfer you’d like to make.
One-time: A single contribution.
Recurring: Set up automatic deposits on a chosen schedule.
Choose your Roth IRA account from the account list.
Enter the amount you’d like to contribute.
Choose the contribution year (if contributing between January 1 and tax day).
Confirm and submit your contribution.
Mobile
Open the M1 app.
Tap "Move Money" at the bottom of the screen.
Select the type of transfer you’d like to make.
One-time: A single contribution.
Recurring: Set up automatic deposits on a chosen schedule.
Choose your Roth IRA account.
Enter the amount to contribute.
Choose the contribution year (if eligible).
Confirm all details, then tap "Submit".
Processing time of funds
Deposits from a linked bank account generally take 1–3 business days to arrive in your M1 account.
You can view pending transfers and investment activity in the Activity or Transfers section.
For questions about IRS income limits and your Roth IRA contribution eligibility, please consult a qualified tax professional.
M1 and its affiliates do not provide tax, legal, or accounting advice. This material has been prepared for informational purposes only. It is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal, and accounting advisors before engaging in any transaction.
Brokerage accounts on the M1 platform are either fully disclosed to APEX Clearing or cleared through M1 Finance LLC. Please look at your account statement to determine how your account is cleared.
All investing involves risk, including the risk of losing the money you invest. Past performance does not guarantee future performance. Using margin can add to these risks. Users utilizing APEX cleared margin accounts should review the APEX margin account risk disclosure before borrowing. Users utilizing M1 cleared margin accounts should review the M1 margin account risk disclosure before borrowing. M1 Margin Loans are available on margin accounts with at least $2,000 invested per account. Not available for Retirement or Custodial accounts. Margin rates may vary.
Brokerage products and services are offered by M1 Finance LLC, Member FINRA / SIPC, and a wholly owned subsidiary of M1 Holdings, Inc.
This content was generated using artificial intelligence and is intended for informational and educational purposes only. While reasonable efforts are made to ensure accuracy, AI-generated outputs may omit key context; and should not be construed as financial, investment, legal, or tax advice. Users should independently verify all information and consult a qualified professional before making any financial decisions.
SAIF-08202025-valmmdz1