401k And Roth Ira Contribution Limits 2024. 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. To contribute to a roth ira (and score those sweet tax advantages), you have to fall within the income limits set by the irs.
If you’re 50 or older, you can add another $1,000 for a total contribution of $7,500. The annual contribution limits are much smaller for roth ira accounts than for 401(k)s.
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