401k Contribution Limits 2024 Married Filing Jointly

401k Contribution Limits 2024 Married Filing Jointly. For 2024, the employee contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023. 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.

Each spouse can contribute up to $23,000 in their 401(k) account for 2024, or up to $46,000 as a couple. Anyone age 50 or over is eligible for an additional.