Ira Contribution Limits 2024 Chart For Married Couples. The combined annual contribution limit for roth and traditional iras for the 2024 tax year is $7,000, or $8,000 if you're age 50 or older. In 2024, the income limit for married couples filing jointly has risen to $240,000, rendering individuals ineligible for roth ira contributions.

The 2024 roth ira income limits are $161,000 for single tax filers and $240,000 for those married filing jointly. There is a separate set of income thresholds for traditional ira tax deductions for married couples where one spouse is covered by a workplace retirement plan and the other spouse is not—or doesn’t.