Spousal Ira Income Limits 2024 Over 50. The combined annual contribution limit for roth and traditional iras for the 2024 tax year is $7,000, or $8,000 if you're age 50 or older. Those limits reflect an increase of $500 over the 2023.

Up to $6,000 per year—or $7,000 if you’re 50 or older. Spousal iras have income limits.