Ira Contribution Limits 2024 Married Jointly. Those limits reflect an increase of $500 over the. The 2024 annual ira contribution limit is $7,000 for individuals under 50, or $8,000 for 50 or older.
She and her spouse, age 48, reported taxable compensation of $60,000 on their 2020 joint return. If you’re age 50 and older, you can add an.