2024 Ira Contribution Limits Spouse. Subtract from the amount in (1): Those limits reflect an increase of $500 over the.
2024 ira contribution and deduction limits effect of modified agi on deductible contributions if you are not covered by a retirement plan at work. As a couple, you can contribute a combined total of $14,000 (if you’re both under 50) or $16,000 (if you’re both 50 or older) to a traditional ira for 2024.