2024 Max 401k Deduction Limit . You can contribute to more than one 401(k) plan. In 2024, the contribution limit for a roth ira is $7,000, plus an additional contribution of $1,000 if you are age 50 or older.
Most people don’t max out their 401(k). The 401 (k) contribution limits for 2024 are $23,000 for individuals under 50, and $30,500 for those 50 and older.
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