Married Filing Jointly Ira Limits 2024. Anyone with an earned income and their spouses, if married and filing jointly, can contribute to a traditional ira. However you cannot contribute more than you make.

The ira contribution limits for 2024 are $7,000 for those under age 50, and $8,000 for those age 50 or older. In 2024, the income limit for the credit increased to $76,500 for married couples filing jointly, up from $73,000 in 2023.