Maximum 401k Contribution 2024 Married Filing Jointly. The contribution limit for employees who have a 401 (k) plan is $23,000 in 2024. The annual limit on contributions will increase to $23,000 (up from $22,500) for 401(k), 403(b) and 457.

Married couples filing jointly, when both are covered by a workplace retirement plan, can deduct up to the limit for income below $109,000 in 2022. The contribution limit for employees who have a 401 (k) plan is $23,000 in 2024.