401k Contribution Limits 2024 Married Filing Joint . If you exceed your 401(k) contribution in a calendar year, the. For 2024, the 401 (k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older.
If you are 50 or older, you can contribute an additional $7,500. In 2024, the income limit for the credit increased to $76,500 for married couples filing jointly, up from $73,000 in 2023.
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Standard Tax Deduction 2024 Married Jointly Over 65 Edith Gwenore , Individual retirement account (roth and traditional) 401 (k), 457 and 403 (b) the amount of your compensation that can be taken into account when determining employer and.
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