You may be able to open and make contributions to a Traditional IRA if:
- You (or your spouse, if you file a joint return) received taxable income during the year
You may be able to open and make contributions to a Roth IRA if:
- You (or your spouse, if you file a joint return) received taxable income during the year and
- Your Modified Adjusted Gross Income (MAGI) limits are within the following ranges:
|
2024 | <$230,000 (to fully contribute) >$230,000 but <$240,000 (to partially contribute) | <$10,000 | <$146,000 (to fully contribute) >$146,000 but <$161,000 (to partially contribute) |
**For more specific information regarding your eligibility to contribute to an IRA, please consult a tax professional or go to www.IRS.gov for more information. You may also consult one of our financial planners at Delta Community Retirement and Investment Services (404-677-4890 or 800-544-3328).
