Roth 401 K Income Limits 2024 Over 55

Roth 401 K Income Limits 2024 Over 55. The roth ira contribution limit for 2024 is $7,000 for those under 50, and $8,000 for those 50 and older. Roth 401 (k) contribution limits are the same as the traditional 401 (k) limits of $23,000 in 2024, or $30,500 for those 50 and older.

Each year, the internal revenue service (irs) provides a limit on what an individual can contribute to a 401 (k) plan. 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.