2024 Ira Contribution Limits Catch Up. The combined annual contribution limit in 2024 for a traditional and roth ira is $7,000 for those younger than age 50 and $8,000 for those 50 and older (since the latter. The 401(k) contribution limit for 2024 is $23,000 for employee contributions, and $69,000 for the combined employee and employer contributions.
Learn how new contribution and exemption limits can help further reduce your taxes. You can contribute a maximum of $7,000 (up from $6,500 for 2023).
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