2024 Ira Contribution Limits 2024 Over 55

2024 Ira Contribution Limits 2024 Over 55. For 2024, you can contribute up to $7,000 in your ira or $8,000 if you’re 50 or older. The 401(k) contribution limit for 2024 is $23,000 for employee contributions, and $69,000 for the combined employee and employer contributions.

If you’re a single filer, you’re eligible to contribute a portion of the full amount if your magi is $146,000 or more, but less than $161,000. The annual roth ira contribution limit in 2023 is $6,500 for adults younger than 50 and $7,500 for adults 50 and older.