401k Contribution Limits 2024 Roth

401k Contribution Limits 2024 Roth. The irs has increased the roth 401(k) contribution limit to $23,000 for 2024, up from $22,500 in 2023. Roth 401 (k) contribution limits are the same as the traditional 401 (k) limits of $23,000 in 2024, or $30,500 for those 50 and older.

For most individuals, the roth ira contribution limit in 2024 is the smaller of $7,000 or your taxable income. This means that if your income exceeds these thresholds, you may not be eligible to contribute the maximum amount to a roth ira for the year.