401k Limit 2024 Married Filing Joint. 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. The income limit for taking a full deduction for your contribution to a traditional ira while participating in a workplace retirement plan in 2024 is $77,000 for.

The 401 (k) contribution limits for 2024 are $23,000 for individuals under 50, and $30,500 for those 50 and older. For ira contributions limits depend on whether you or a spouse.