Ira Limits 2024 Married Filing Jointly. If you file separately and did not live with your spouse at any time during the year, your ira deduction is determined under the single filing status. Find out if your modified adjusted gross income (agi ) affects your roth ira contributions.

You can contribute to an ira at any age. You could earn a credit of 10%, 20%, or 50% of your contributions, up to a dollar amount of $2,000 ($4,000 if married filing jointly) as long as you’re eligible.