401k And Roth 401k Contribution Limits 2024

401k And Roth 401k Contribution Limits 2024. 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. The irs has increased the roth 401(k) contribution limit to $23,000 for 2024, up from $22,500 in 2023.

For most individuals, the roth ira contribution limit in 2024 is the smaller of $7,000 or your taxable income. No income limits with a roth 401(k) the income limit for contributing to a roth ira in 2024 kicks in once an individual’s modified adjusted gross.