Ira Limits 2024 Married Jointly. A roth ira is an ira that, except as explained below, is subject to the rules that apply to a traditional ira. There is no age limit.
Anyone with an earned income and their spouses, if married and filing jointly, can contribute to a traditional ira. The 2024 annual ira contribution limit is $7,000 for individuals under 50, or $8,000 for 50 or older.