2024 Ira Contribution Limits Spouse Income. $228,000 if filing a joint return or qualifying surviving spouse, The roth ira contribution limit for 2024 is $7,000 for those under 50, and $8,000 for those 50 and older.

The limit for annual contributions to roth and traditional individual retirement accounts (iras) for the 2023 tax year was $6,500 or $7,500 if you were age 50 or older. If you file a joint return, you may be able to contribute to an ira even if you didn’t have taxable compensation as long as your spouse did.