Roth 401 Contribution Limits 2024

Roth 401 Contribution Limits 2024. The irs sets the maximum that you and your employer can contribute to your 401 (k) each year. Contribution limited to $7,000 plus an additional $1,000 for employees age 50 or older in 2024;

 — the 401 (k) contribution limits for 2024 are $23,000 for individuals under 50, and $30,500 for those 50 and older. (however, you could be subject to lower contribution limits if you’re deemed a highly compensated employee.).