Ira Contribution Limits 2024 Roth 401k. The roth 401 (k) contribution limit for 2024 is $23,000 for employee contributions and $69,000 total for both employee and employer contributions. For instance, you can contribute up to $23,000 to a 401 (k) by the last business day of 2024.
If you file taxes as a single person, your modified adjusted gross income (magi) must be under $153,000 for tax year 2023 and $161,000 for tax year 2024 to contribute to a roth. Those are the caps even if you make more, up to the phaseout level.
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