401k Limits 2024 Married Filing Jointly. The 401 (k) 2024 employee contribution limit is $23,000, which is an increase of $500 from the previous year. And for married folks filing jointly, the phaseout range is $230,000 and $240,000 in 2024, up from between $218,000 and $228,000 in 2023.

If you are 50 or older, you can contribute an additional $7,500. For ira contributions limits depend on whether you or a spouse.