2024 401k Roth Contribution Limits 2024
2024 401k Roth Contribution Limits 2024. The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000. This limit includes all elective employee salary deferrals and any contributions made to a designated roth account.
The irs has increased the roth 401(k) contribution limit to $23,000 for 2024, up from $22,500 in 2023. The 401 (k) contribution limits for 2024 are $23,000 for individuals under 50, and $30,500 for those 50 and older.