What Are The 401k Limits In 2024. In 2024, the contribution limit for a roth 401 (k) is $23,000, plus an additional contribution of $7,500 if you are age 50 or older. For 2024, the irs limits the amount of compensation eligible for 401(k) contributions to $345,000.

For those with a 401 (k), 403 (b), or 457 plan through an employer, your new maximum contribution limit will go up to $23,000 in 2024. For 2024, the 401(k) annual contribution limit is $23,000, up from $22,500 in 2023.