401k Limits 2024 After Tax Return. (it 2023, it's $22,500.) plan participants who are 50 or older at the end of the calendar year can make an additional. Employees 50 or older can contribute up to $30,500 with catch.

For the 2023 tax year, the maximum contribution to a traditional or roth ira is the lesser of (a) your taxable compensation for 2023, or (b) $6,500 (or $7,500 if you are age 50 or. If you are a single filer whose only other taxable retirement income is $25,000.