401k Contribution Limits 2024 Married Filing Joint. The 2024 contribution limit for 401 (k) plans is $23,000, up from $22,500 in 2023. Total 401 (k) contribution eligibility:
Depending on your income and filing status, the credit is 10%, 20%, or 50% of your elective deferrals to your 401 (k) account, up to a maximum of $1,000 ($2,000. In 2024, the income limit for the credit increased to $76,500 for married couples filing jointly, up from $73,000 in 2023.