401k Limits 2024 Roth And Traditional

401k Limits 2024 Roth And Traditional. The combined annual contribution limit for roth and traditional iras for the 2024 tax year is $7,000, or $8,000 if you're age 50 or older. Whether you’re contributing to a roth 401(k) or a traditional 401(k), the same contribution limits apply.

In 2024, you can contribute $23,000 (rising to $23,500 in 2025). Employees can contribute up to $23,500 to their 401(k) plan for 2025 vs.