[Income limits for Individual Retirement Account (IRA) contributions vary depending on the type of IRA and the individual’s tax filing status. As of 2023, for traditional IRAs, there are no income limits for making contributions, allowing individuals to contribute regardless of their income level. However, for Roth IRAs, income limits apply, with the ability to make full contributions gradually phasing out for single filers with modified adjusted gross incomes (MAGIs) above a certain threshold. It is important to note that these limits may change over time, and consulting the official IRS guidelines or a financial advisor is advisable to ensure compliance with the most recent regulations.]