401k Contribution Limits 2024 Married. 401k and retirement plan limits for the tax year 2024. Investors age 50 or older can save an extra $1,000, or $8,000 total this year.

The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000. For 2024, individuals can only contribute the full amount — $7,000, with an additional $1,000 for people age 50 or over — to a roth ira if their income is below $146,000 for single filers.