2024 Ira Contribution Limits Spouse Contribution Limit

2024 Ira Contribution Limits Spouse Contribution Limit. The spouse with earned income can contribute to their own individual ira while also putting funds into a spousal ira. The most you may contribute to your roth and traditional iras for the 2023 tax year is:

 — 2024 ira contribution and deduction limits effect of modified agi on deductible contributions if you are covered by a retirement plan at work. For the 2024 tax year, the irs allows up to $7,000 in contributions.