2024 Ira Contribution Limits Spouse Over 65. Spousal iras have the same annual contribution limits as any other ira: The contribution limit for individual retirement accounts (iras) for the 2024 tax year is $7,000.
A nonworking person who files a joint tax return with their spouse also has the option to contribute to a spousal ira as long as their spouse has earned enough taxable income to cover ira. The roth ira contribution limit for 2024 is $7,000 for those under 50, and $8,000 for those 50 and older.
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