Ira Limits 2024 Catch Up Date

Ira Limits 2024 Catch Up Date. If you are 50 or older, you can defer paying income tax on $30,000 in your 401 (k) plan. That means eligible workers 50 or older can save up to $8,000 in an ira for 2024.

 — for tax year 2024, savers can defer paying income tax on an ira contribution up to $7,000 for those under 50, and $8,000 for those age 50 and older. retirement savers age 50 and older can chip in an extra $1,000 a.