401k Limit 2024 After Taxation. You can take advantage of the higher.  — you can only deduct $7,000 in ira contributions for the 2024 tax year.

Income thresholds for tax brackets will increase by approximately 5.4% for 2024.  — the 401 (k) contribution limits for 2024 are $23,000 for individuals under 50, and $30,500 for those 50 and older.