2024 Individual Retirement Accounts (IRAs)
Participant of Employer Retirement Plan:
Filing Status Modifed AGI Deduction
Single or Head of Household $77,000 or less Full up to limit
$77,001 - $87,000 Partial
$87,000 or more No deduction
Joint or Surviving Spouse $123,000 or less Full up to limit
$123,001 - $143,000 Partial
$143,000 or more No deduction
Married Filing Separately less than $10,000 Partial
$10,000 or more No deduction
One Spouse Participates - One Does Not:
Filing Status Modified AGI Deduction
Married Filing Jointly $230,000 or less Full up to limit
$230,001 - $240,000 Partial
$240,000 or more No Deduction
Married Filing Separately less than $10,000 Partial
$10,000 or more No deduction
2024 Retirement Plan Contribution Limits
Plan Type Under Age 50 Over Age 50
IRA (Traditional & Roth) $7,000 $8,000