401k Max Contribution 2024 And Ira Contribution. In 2024, the contribution limit for a roth ira is $7,000, plus an additional contribution of $1,000 if you are age 50 or older. For individual retirement accounts, or iras—both roth and traditional types —2024 contributions will max out at $7,000, up from $6,500 in 2023.
Employees can contribute up to $23,000 to their 401(k) plan for 2024 vs. If you’re 50 or older, you can add another $1,000 for a total contribution of $7,500.
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