2024 Maximum Roth And 401k Contribution

2024 Maximum Roth And 401k Contribution. If you're 50 or older, you can add another $1,000 for a total contribution of $7,500. Employees 50 or older can contribute up to $30,500 with catch.

The 401 (k) contribution limit for 2024 is $23,000 for employee contributions, and $69,000 for the combined employee and employer contributions. This is an extra $500 over 2023.