Ira Limits 2024 Married. The deduction may be limited if you or your spouse is covered by a retirement plan at work and your income exceeds. Anyone can contribute to a traditional ira, but your ability to deduct contributions is based on your income.
If they lived with their spouse at any point during the year, they can contribute to a roth ira only if their. This annual contribution limit is higher in 2024, with the roth ira contribution limit being $7,000.