Ira Income Limits 2024 Married In India. Your deduction may be limited if you (or your spouse, if you are married) are covered by a retirement plan at work and your income exceeds certain levels. Whether or not you can make the maximum roth ira contribution (for 2024 $7,000 annually, or $8,000 if you're age 50 or older) depends on your tax filing status and your modified adjusted gross income (magi).

If you’re a single filer, you’re eligible to contribute a portion of the full amount if your magi is $146,000 or more, but less than $161,000. The annual contribution limit for a traditional ira in 2023 was $6,500 or your taxable.