Ira Contribution Limits 2024 Deadline Married Filing Jointly

Ira Contribution Limits 2024 Deadline Married Filing Jointly. Therefore, if eligible, for 2023 you and your spouse can both contribute up to $6,500 for the year. For this purpose, you need to know if your filing status is single or head of household, married filing jointly or qualifying surviving spouse, or married filing separately.

The ira contribution limit is $7,000, or $8,000 for individuals 50 or older in 2024. Anyone with an earned income and their spouses, if married and filing jointly, can contribute to a traditional ira.