Ira Contribution Limits 2024 Income Limits Married Filing Jointly

Ira Contribution Limits 2024 Income Limits Married Filing Jointly. Your filing status is married filing jointly or qualifying surviving spouse and your modified agi is at least $218,000. The deduction may be limited if you or your spouse is covered by a.

Review a table to determine if your modified adjusted gross income (agi) affects the amount of your deduction from your ira. 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.