2024 Ira Contribution Limits Spouse. Beginning in 2024, 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). These charts show the income range in which your deduction may be disallowed if you or your spouse participates in a retirement plan at work:
You can contribute those amounts to both your and your spouse’s iras for up to a maximum of $16,000 if both of you are 50 or over. For 2023, the limit is $6,500.
2024 Ira Contribution Limits Spouse Images References :
