To open and contribute to a Roth IRA, individuals must meet certain eligibility requirements. One key requirement is that the individual must have earned income, such as wages, salaries, tips, or bonuses. Additionally, there are income limits for contributing to a Roth IRA. For the tax year 2024, the income limits for contributing to a Roth IRA are as follows: for single filers, the ability to contribute begins to phase out at $129,000 and is completely phased out at $144,000; for married filers, the phase-out range is $204,000 to $214,000. It's important to note that these limits are subject to change, so it's advisable to check the current limits. Furthermore, individuals must also consider their tax filing status and modified adjusted gross income (MAGI) when determining their eligibility to contribute to a Roth IRA. It's recommended to consult with a financial advisor or tax professional for personalized guidance on Roth IRA eligibility and contributions.