Traditional Ira Contribution Limits 2024 Mfj. If you're covered by a retirement plan at work, use this table to determine if your modified agi affects the amount of your deduction. $6,500 (for 2023) and $7,000 (for 2024) if you're under age 50.
Find out if you can contribute and if you make too much money for a tax deduction. As a couple, you can contribute a combined total of $14,000 (if you’re both under 50) or $16,000 (if you’re both 50 or older) to a traditional ira for 2024.