2024 401k Contributions Limits Married Filing Jointly. Tax deduction limits for iras. The 401 (k) contribution limits for 2024 are $23,000 for individuals under 50, and $30,500 for those 50 and older.

More people will be able to make contributions to roth. If your filing status is married filing jointly or separately if neither you nor your spouse is covered by a retirement plan at work, there’s no income limit.