Ira Limits 2024 Income Limits Married Filing Jointly

Ira Limits 2024 Income Limits Married Filing Jointly. Anyone with an earned income and their spouses, if married and filing jointly, can contribute to a traditional ira. If you are married and file jointly, your limit may be limited by your spouse's income if you have no income yourself and are contributing to a spousal ira.

To be eligible to contribute the maximum amount in 2024, your modified adjusted gross income (magi) must be less than $146,000 (up from $138,000 last year) if single, or. If you do not have taxable compensation, but file a joint return with a spouse who earns income, you can open up an ira in your own name and make contributions through a.