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It's Official: Roth IRA Income Limits Will Rise in 2024

TheMotleyFool

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It's Official: Roth IRA Income Limits Will Rise in 2024: https://g.foolcdn.com/editorial/images/754798/excited-person-lying-on-bed-looking-at-phone-screen.jpg

This month, the IRS announced the 2024 income limits for Roth IRAs (individual retirement accounts). And if you haven't seen them yet, you'll be happy to know that they are better than ever. So if your income blocked you from making direct contributions to a Roth IRA in the past, the new limits may make it easier to qualify.

Image source: Getty Images.

Roth IRAs are loaded with tax-free benefits you can enjoy now and later on in life. But there's a catch: Your income must fall under the annual income threshold to make direct contributions to the account right now.

Source Fool.com

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