401k Max Contribution 2024 And Ira Rules

401k Max Contribution 2024 And Ira Rules. Most people don't max out their 401(k). Employees can now defer up to $23,000 into 401 (k) plans for 2024, with an extra $7,500 for workers age 50 and older.

If you are 50 and older, you can contribute an additional $1,000 for a total of. If you’re 50 or older, you can add another $1,000 for a total contribution of $7,500.