401k Contribution Limits 2024 Married Filing Joint. If the amount you can contribute must be reduced, figure your reduced contribution limit as follows. If your filing status is married filing jointly or separately if neither you nor your spouse is covered by a retirement plan at work, there’s no income limit.

For married couples filing jointly, where the spouse making the ira contribution is covered by a workplace retirement plan, the phaseout range was $116,000 to $136,000 in 2023. For 2021, the irs 401 (k) contribution limit is $19,500 (if you are below 50) or $26,000 if you are age 50 or older.