2024 Roth Ira Contribution Limits Married

2024 Roth Ira Contribution Limits Married. 2024 roth ira contribution limits. The contribution limit in 2023 is $7,000 ($7,500 in 2024) or $8,000 if age 50 or older ($8,500 in 2024), so both you and your partner can contribute that amount.

The limit for annual contributions to roth and traditional individual retirement accounts (iras) for the 2023 tax year was $6,500 or $7,500 if you were age 50 or older. Exemption amounts phase out beginning with alternative minimum taxable income over $1,218,700 (married/filing jointly) and $609,350 (single.