401k Contribution Limits 2024 Married Filing Jointly

401k Contribution Limits 2024 Married Filing Jointly. It’s $146,000 and $161,000 for single individuals and heads of households, up from between $138,000 and $153,000 in 2023. There are limits as to how much you can contribute and for income thresholds for individual retirement accounts for the 2023 and 2024 tax years.

To qualify for the full 50% (the credit phases out based on income), in 2024, your adjusted gross income (agi) must be $46,000 or less if filing jointly or $23,000 or. The 401 (k) 2024 employee contribution limit is $23,000, which is an increase of $500 from the previous year.