2024 401k Contribution Limits For Simple 401ks. 401(k) contribution limits for 2024. The roth ira contribution limit for 2024 is $7,000 for those under 50, and an additional $1,000 catch up contribution for those 50 and older.

The irs sets the maximum that you and your employer can contribute to your 401 (k) each year. Retirement savers are eligible to put $500 more in a 401(k) plan in 2024: