Adria Ardelle

Spousal Ira Income Limits 2024 Over 65.  — get information about ira contributions and claiming a deduction on your individual federal income tax return for the amount you contributed to your ira.  — the ira contribution limit is $7,000, or $8,000 for individuals 50 or older in 2024.

Beginning in 2023, the ira contribution limit is increased to $6,500 ($7,500 for individuals age 50 or older) from $6,000 ($7,000 for individuals age 50 or older).  — the total contribution limit for iras in 2024 is $7,000.