2024 Combined Ira And 401k Contribution Limit

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2024 Combined Ira And 401k Contribution Limit. Yes, under certain circumstances you can have both a 401k and a roth ira. The ira contribution limits for 2024 are $7,000 for those under age 50, and $8,000 for those age 50 or older.


2024 Combined Ira And 401k Contribution Limit

For 2024, the 401(k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older. The combined annual contribution limit for roth and traditional iras for the 2024 tax year is $7,000, or $8,000 if you’re age 50 or older.

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