The contribution limits apply to each individual, so married couples may be able to contribute the contribution limit for both spouses.
https://www.ameriprise.com/products-services/investments/iras-retirement-plans/ira-contribution-limits-eligibility/
As of the 2012 tax year, for example, married couples who are covered by retirement plans at work lose their tax deduction on IRA contributions once their income reaches $92,000. But married couples who have no retirement plans at work can deduct their IRA contributions no matter how much they make.
http://budgeting.thenest.com/much-can-married-couple-put-ira-year-22276.html
Contribution Limits. The maximum anyone under the age of 50 can contribute to an IRA is $5,000 per year. The maximum limit for couples is $10,000, and it doesn't matter if that comes from one person or both.
http://budgeting.thenest.com/much-can-married-couple-put-ira-year-22276.html
The Internal Revenue Service sets limits on how much a married couple can put in their IRAs every year -- the limits discussed in this article for the 2012 tax year. You need to be mindful of these rules and check them annually, because the IRS charges a 6 percent tax on excess contributions.
http://finance.zacks.com/much-can-married-couple-put-ira-year-2218.html
The maximum amount you can add to an IRA in a single year is $5,000. Once an individual is 50, the limit rises to $6,000. If you have more than one IRA account, this limit applies to your combined contributions to all IRA accounts, not to each IRA separately.
http://finance.zacks.com/much-can-married-couple-put-ira-year-2218.html
But, the Internal Revenue Service sets limits on how much you can contribute each year to an IRA. There are different limits for single taxpayers and married couples because the government recognizes a couple will likely need twice as much money to retire on than one person.
http://budgeting.thenest.com/much-can-married-couple-put-ira-year-22276.html
If you're over age 50, you may qualify for an additional catch-up contribution. For 2014 and 2015, the individual contribution limit is the lesser of earned income or $5,500. The catch-up amount for individuals age 50 or older is $1,000.
https://www.ameriprise.com/products-services/investments/iras-retirement-plans/ira-contribution-limits-eligibility/
When both partners in a marriage contribute to IRAs, they can contribute $5,000 to each spouse’s IRA for a combined total of $10,000 per year. If one spouse is at least 50, the combined maximum is $11,000.
http://finance.zacks.com/much-can-married-couple-put-ira-year-2218.html
Roth Phase-Out. The IRS applies a different set of phase-out rules to Roth IRAs than to traditional IRAs. For a married couple filing jointly, each spouse’s contribution limit is gradually reduced to zero as the couple’s AGI increases from $173,000 to $183,000. Once their AGI exceeds $183,000, neither spouse may add money to a Roth IRA.
http://finance.zacks.com/much-can-married-couple-put-ira-year-2218.html
Married couples making more than $173,000 can't contribute to a Roth IRA. The rules are different for traditional IRAs. Anyone with sufficient income can contribute the maximum amount to a traditional IRA in any year -- the only question is whether the contribution is tax deductible.
http://budgeting.thenest.com/much-can-married-couple-put-ira-year-22276.html
what is the ira contribution limit for married couples?
An individual retirement arrangement contribution limit for married couples is $92,000. The IRS contribution limit for married couples is $92,000.