401k Contribution Limits 2024 Roth 401k. For most individuals, the roth ira contribution limit in 2024 is the smaller of $7,000 or your taxable income. The contribution limits for individual retirement accounts (iras) also increases from $6,500 to $7,000.
As kiplinger has reported, if you are younger than 50, the maximum amount. Employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from 2023โs $22,500 to $23,000 for 2024.