401k Limits 2024 50 50000

401k Limits 2024 50 50000. The roth 401 (k) contribution limit for 2024 is $23,000 for employee contributions and $69,000 total for both employee and employer contributions. Savers will be able to contribute as much as $23,000 in 2024 to a 401(k), up from $22,500 in 2023, an increase of $500 from 2023.

In 2023, this rises to $22,500. Key takeaways the irs sets the maximum that you and your employer can contribute to your 401(k) each year.