After Tax Ira Contribution Limits 2024

After Tax Ira Contribution Limits 2024. If you reach the maximum that you can contribute to your 401(k) as an employee, you may be able to save more for retirement. The ira contribution limit is $7,000, or $8,000 for individuals 50 or older in 2024.

For the 2024 year, individuals under the age of 50 can contribute $7,000 to an ira. $6,500 (for 2023) and $7,000 (for 2024) if you’re under age 50.