2024 401k Max Contribution Limits Married Filing Separately

2024 401k Max Contribution Limits Married Filing Separately. The irs sets the maximum that you and your employer can contribute to your 401 (k) each year. Married couples filing jointly must decide how much they will contribute to their respective retirement accounts to avoid exceeding the irs contribution limit.

The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000. 401(k) employee contribution limits increase in 2024 to $23,000 from $22,500 in 2023.