Maximum Roth 401 K Contribution 2024 Over 50

Maximum Roth 401 K Contribution 2024 Over 50. Contribution maximums will increase from $22,500 to $23,000 for 401 (k), 403 (b) and most 457 plans, as well as the federal government’s thrift savings plan, the irs. The irs has increased the roth 401(k) contribution limit to $23,000 for 2024, up from $22,500 in 2023.

The irs places contribution limits on 401 (k)s: As of 2023, individual employees have a 401 (k) contribution limit of $22,500, allowing them to contribute this amount annually to their 401 (k) account on a.