MayaD
Expert Alumni

Retirement tax questions

For 2024, the total contributions you make each year to all of your traditional IRAs and Roth IRAs can't be more than:

  • $7,000 ($8,000 if you're age 50 or older), or
  • If less, your taxable compensation for the year

 

The maximum contribution to a Roth 401(k) in 2024 is $23,000 for employees, and $69,000 combined for employees and employers. 

 

Roth comparison chart

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