Roth Limits 2024 401k Limit

Roth Limits 2024 401k Limit. The annual contributions limit for traditional iras and roth iras was $7,000 for 2024, rising from $6,500 for 2023. The 2024 roth ira income limits are $161,000 for single tax filers and $240,000 for those married filing jointly.

Employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from $22,500 in 2023 to $23,000 in 2024. (however, you could be subject to lower contribution limits if you’re deemed a highly compensated employee.)