2024 Ira Contribution Income Limits Married Filing Separately. Anyone with an earned income and their. Anyone can contribute to a traditional ira, but your ability to deduct contributions is based on your income.
The ira contribution limit is $7,000, or $8,000 for individuals 50 or older in 2024. The 2024 annual ira contribution limit is $7,000 for individuals under 50, or $8,000 for 50 or older.