2024 Ira Contribution Limits Spouse Contribution Limit. For married couples filing jointly, where the spouse making the ira contribution is covered by a workplace retirement plan, the phaseout range was. The contribution limit for individual retirement accounts (iras) for the 2024 tax year is $7,000.

Anyone can contribute to a traditional ira, but your ability to deduct contributions is based on your. If you’re covered by a retirement plan at work, use this table to determine if your modified agi affects the.