401k Contribution Limits 2024 Married Filing Joint

401k Contribution Limits 2024 Married Filing Joint. If you are 50 or older, you can contribute an additional $7,500. Married couples filing jointly must decide how much they will contribute to their respective retirement accounts to avoid exceeding the irs contribution limit.

Individuals may contribute the full amount if they’re married filing jointly, and their modified adjusted gross income (magi) is less than $218,000 (rising to $230,000. (rising to $38,250 in 2024).