Hilary Simone

Roth 401k Contribution Limits 2024 Irs. The roth ira contribution limits are $7,000, or $8,000 if you're 50. Those aged 50 and older can add an extra $7,500, bringing their total limit to.

For the 2025 tax year, the irs is raising the annual contribution limit for 401 (k) plans by $500, moving from $23,000 in 2024 to $23,500. If you have access to both a roth and a traditional 401(k) plan, you can contribute to both, as long as your total contribution to both as an employee doesn’t exceed $23,500 in.