Ira Limits 2024 Married Filing Jointly. Start with your modified agi. If you’re married and filing jointly and if your spouse is covered by a workplace plan and you are not, you can deduct the full amount of your contribution to a traditional ira if your.
The ira contribution limit is $7,000, or $8,000 for individuals 50 or older in 2024. If your modified agi is less than $230,000, then you are able to contribute up to the $7,000 contribution limit.