Hetty Laraine

401k Limits 2024 Married Spouse. The contribution limit for simple 401 (k)s is $16,000 (up to $19,500 if you're 50 or older). Below are some of the many limits that affect your retirement savings for the 2024 tax year.

The 401(k) contribution limits for 2024 are $23,000 for individuals under 50, and $30,500 for those 50 and older. Each spouse can contribute up to $23,000 in their 401 (k) account for 2024, or up to $46,000 as a couple.