The phase‑out ranges for 2024 are:

$77,000 to $87,000 for single taxpayers covered by a workplace retirement plan, up from between $73,000 and $83,000.
$123,000 to $143,000 for married couples filing jointly, if the spouse making the IRA contribution is covered by a workplace retirement plan, up from between $116,000 and $136,000.
$230,000 to $24,000 for IRA contributors not covered by a workplace retirement plan and married to someone who is covered, up from between $218,000 and $228,000.
$0 to $10,000 for a married individual filing a separate return who is covered by a workplace retirement plan, unchanged from 2023.
$146,000 to $161,000 for single and head-of-household taxpayers making contributions to a Roth IRA, up from between $138,000 and $153,000.
$230,000 to $240,000 for married couples filing jointly, up from between $218,000 and $228,000.
$0 to $10,000 for a married individual filing a separate return who makes contributions to a Roth IRA, unchanged from 2023.

Additional changes made under SECURE 2.0 include:

The limitation on premiums paid with respect to a qualifying longevity annuity contract remains $200,000 for 2024.
The limitation on charitable distribution deductibles will increase to $105,000 from $100,000.
The deductible limit for a one-time election to treat a distribution from an IRA made directly by the trustee to a split-interest entity will increase to $53,000 from $50,000.

In August, the IRS announced an administrative transition period that extends until 2026 the new SECURE 2.0 requirement that any catch-up contributions made by higher-income participants in 401(k) and similar retirement plans must be designated as after-tax Roth contributions. The agency also clarified that plan participants who are age 50 or older can continue to make catch- up contributions after 2023, regardless of income.

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Catch up! IRS announces 401(k) contribution limits for 2024

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