2024 Ira Contribution Limits Spouse Contribution

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2024 Ira Contribution Limits Spouse Contribution. For 2024, the individual contribution limit for both traditional and roth iras is the lesser of: The 2024 annual ira contribution limit is $7,000 for individuals under 50, or $8,000 for 50 or older.


2024 Ira Contribution Limits Spouse Contribution

Your earned income must match or exceed your ira contribution. You may be able to contribute to an ira even if you didn’t have taxable compensation as long as your spouse did.

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