2024 401k Contribution Limit Catch Up Over 50. A key difference between an ira and a 401(k) account is this: In 2024, you’re able to contribute an additional $7,500 to a 401 (k) each year, so long as you’ve made your contributions by the end of the calendar year.
The income thresholds to be eligible for a roth ira are also. The irs has officially announced the 401k and ira contribution limits for the year 2024.