2024 IRS Retirement Plan Limits
Retirement Plan | Contribution Limit | Catch-Up Contribution (if applicable) |
---|---|---|
401(k) | $23,000 | $7,500 |
403(b) | $23,000 | $7,500 |
SIMPLE IRA | $16,000 | $3,500 |
SEP IRA | TBD | TBD |
Solo 401(k) | TBD | TBD |
Traditional IRA | $7,000 | $1,000 |
Roth IRA | $7,000 | $1,000 |