Magi Limits For 2025 Roth Contributions. Beginning in 2025, the ira contribution limit is increased to $7,000 ($8,000 for individuals age 50 or older) from $6,500 ($7,500 for individuals age 50 or older). If your magi is $77,000 or less, you can deduct that full $7,000 from your taxable income on your 2025 tax return (filed in 2025).

For single filers in 2025, full contributions are allowed if magi is under $146,000, with partial contributions between $146,000 and $161,000. Modified adjusted gross income (magi) is adjusted gross income (agi) after you’ve added specific deductions and exclusions back in.;