Contributing to my M1 Roth IRA

IRA contribution limits

For 2024, the maximum contribution to all your Roth and Traditional IRAs for individuals under 50 years old is $7,000. For individuals 50 and over, the maximum contribution is $8,000.   

For 2023, the maximum contribution to all your Roth and Traditional IRAs for individuals under 50 years old is $6,500. For individuals 50 and over, the maximum contribution is $7,500.  

 

Certain individuals may not be eligible to contribute directly to a Roth IRA due to their filing status or earned income. 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.

 

M1 disclosures here.

 

20231227-3294715-10457248

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