2024 Roth Ira Contribution Limits 401k Contribution

2024 Roth Ira Contribution Limits 401k Contribution. The 2024 contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023. If you're 50 or older, you can add another $1,000 for a total contribution of $7,500.

The irs released 401(k) and ira contribution limits for 2024, with higher limits than the previous year due to inflation. There’s also a $7,500 catch.