You’ll be allowed to contribute more to retirement accounts in 2024. Contribute up to $7,000 to your IRA ($8,000 if 50 or older). In a 401k or similar plan, you can contribute up to $23,000 ($30,500 if 50 or older). For more figures, including saver’s credit and social security wage base, visit our page 2024 Retirement Contribution Figures.