Kora Leslie

401k Contributions 2024 Limits Married Filing Jointly. The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000. If you file separately and did not live with your spouse at any time during the year, your ira deduction is determined under the single filing status.

Those 50 and older can contribute an additional. The income limit for married filing jointly.