Ira Limits 2024 Married. 2024 ira contribution and deduction limits effect of modified agi on deductible contributions if you are covered by a retirement plan at work. The ira contribution limit is $7,000, or $8,000 for individuals 50 or older in 2024 and 2025.

For 2023, the limit is $6,500. This table shows whether your contribution to a roth ira is affected by the amount of your modified agi as.