2024 Roth Ira Contribution Limits 401k Contribution Limits

2024 Roth Ira Contribution Limits 401k Contribution Limits. For a roth ira account, the 2024 maximum is $7,000. The 401 (k) contribution limits for 2024 are $23,000 for individuals under 50, and $30,500 for those 50 and older.

For those utilizing individual retirement accounts (iras), the contribution limit will increase to $7,000 in 2024, up from $6,500. The 401 (k) contribution limits for 2024 are $23,000 for individuals under 50, and $30,500 for those 50 and older.