2024 Roth Ira Contribution Limits 401k

2024 Roth Ira Contribution Limits 401k. There's also a $7,500 catch. If you're 50 or older, you can add another $1,000 for a total contribution of $7,500.

Note that if you make an ineligible roth ira contribution in april 2024 for the 2023 tax year, the deadline to fix that via recharacterization is october 15, 2024. 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.