Ira Limits 2024 Married Spouse. The limit for annual contributions to roth and traditional individual retirement accounts (iras) for the 2023 tax year was. The 2024 annual ira contribution limit is $7,000 for individuals under 50, or $8,000 for 50 or older.

The same is true for married filing joint taxpayers if the spouse making the ira contribution is covered by a workplace retirement plan earning more than $143,000 in. If you’re a nonworking spouse, you can have what’s called a spousal ira as long as your spouse earns enough to cover the contribution.