Spousal Ira Income Limits 2024 Income Limits. Ira deduction limits | internal revenue service. Typically, an individual must have earned income to contribute to an ira, but the spousal ira is an exception since the nonworking spouse can have little to no income.

For 2024, the individual contribution limit for both traditional and roth iras is the lesser of: The working spouse must make enough money to cover contributions to both iras.