401k Max 2024 After Taxation. In 2024, you can contribute up to $23,000 a year to a 401(k) plan. It's important to consider how 401(k) withdrawals, which are required after age 73 (or age 75 if you turn 74 after december 31, 2032), may affect your tax bill once.
You can only deduct $7,000 in ira contributions for the 2024 tax year. Starting in 2024, employees can contribute up to $23,000 into their 401(k), 403(b), most 457 plans or the thrift savings plan for federal employees, the irs.