Maximum Roth 401k Contribution 2024 Over 55

Maximum Roth 401k Contribution 2024 Over 55. The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000. Workers who contribute to a 401 (k), 403 (b), most 457 plans and the federal government’s thrift savings plan can contribute up to $23,000 in 2024, a $500 increase.

The maximum amount you can contribute to a roth 401 (k) for 2024 is $23,000 if you’re younger than age 50. For 2024, the 401 (k) limit for employee salary deferrals is $23,000, which is above the 2023 401 (k) limit of $22,500.