Ira Contribution Limits 2025 Married Filing Jointly. The standard deduction has increased to $30,000 for married couples filing jointly, up $800 from the previous year. You can claim a deduction for a traditional ira if you meet certain conditions.

(and yes, you can have an ira even if you have a 401(k) or 403(b) through your work.) above certain income limitations, roth ira contributions begin to phase out. Limits are ₹3 lakh/year for the new regime and rs 2.5 lakh/year for the.