2024 Ira Contribution Limits Spouse Deduction. Ira contribution limit increased for 2024. However, when you're a married couple filing jointly, and either you or your spouse contributes to a 401 (k) or another retirement plan at work, the deductibility of your.
$7,000 a year for individuals under age 50 as of the end of the year and. These limits depend on your income and whether you (or your spouse, if applicable) are covered by a retirement plan at work.