401k And Roth Ira Contribution Limits 2024

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401k And Roth Ira Contribution Limits 2024. The basic employee contribution limit for 2024 is $23,000 ($22,500 for 2023). You can contribute a maximum of $7,000 (up from $6,500 for 2023).


401k And Roth Ira Contribution Limits 2024

In 2024, the contribution limit for a roth ira is $7,000, plus an additional contribution of $1,000 if you are age 50 or older. The roth ira contribution limit for 2024 is $7,000 for those under 50, and an additional $1,000 catch up contribution for those 50 and older.

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