401k Contribution Limits 2024 Married Filing Jointly. On november 1, 2023, the internal revenue service announced that the amount individuals can contribute to their 401 (k) plans. If you collectively earn between $123,000 and $143,000, you can take a partial deduction.
The irs has announced the 2024 contribution limits for retirement savings accounts, including contribution limits for 401(k), 403(b), and 457(b). For 2024, the employee contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023.