2024 Ira Limits Catch Up Date. In 2024, ira contribution limits will increase by $500 to a total of $7,000. 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.

$8,000 per taxpayer 50 and older. If you’re a single filer, you’re eligible to contribute a portion of the full amount if your magi is $146,000 or more, but less than $161,000.