Max Ira Contribution 2024 Married Filing Separately. In 2024, you can contribute up to $7,000. That’s an advantage if you expect to be in a higher tax bracket during retirement.

For 2023, the ira contribution limit was $6,500, plus an extra $1,000 for investors age 50 and older. The standard deduction has increased to $29,200 for married couples filing jointly, up $1,500 from the previous year.