Ira Income Limits 2024 Married Person. In 2024, you and your spouse can potentially both contribute a maximum of $7,000 to your ira if you're under age 50, or $8,000 if you're age 50 or over. The irs sets roth ira income limits and they are subject to change annually.

Your deduction may be limited if you (or your spouse, if you are married) are covered by a retirement plan at work and your income exceeds certain. As your income goes up, the tax rate on the next layer of income.