401k 2024 Contribution Limit Irs Over 60. The annual contribution limit for an ira in 2024 is $7,000 for those under 50, or $8,000 if you’re 50 or older. The irs sets 401(k) contribution limits and typically increases them by $500 annually.


401k 2024 Contribution Limit Irs Over 60

Or if you’re 60, 61, 62, or 63, the limit is $81,250. The irs also imposes a limit on all 401(k) contributions made during.

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