Ira Contribution Limits 2024 Married Filing Jointly

Ira Contribution Limits 2024 Married Filing Jointly. You may be able to claim a deduction on your individual federal income tax return for the amount you contributed to. In 2024, married couples filing jointly can contribute to a roth ira if their magi is less than $230,000.

The limit for annual contributions to roth and traditional individual retirement accounts (iras) for the 2024 tax year was $7,000 or $8,000 if you were age 50 or older. There are no income limitations to contribute.