Married Filing Jointly 401k Limit 2024. While you have until the tax filing deadline of april 15, 2025, to contribute to an ira for the 2024 tax year, you must make your. Table 1 below summarizes retirement plan contribution limits for 2024.
Exemption amounts phase out beginning with alternative minimum taxable income over $1,218,700 (married/filing jointly) and $609,350 (single filers). For 2025, married couples filing jointly (who are covered by a retirement plan at work) may take a full deduction for their ira contribution if they make $123,000 or less,.
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