Roth 401k Limits 2024 . This limit includes all elective employee salary deferrals and any contributions made to a. The basic employee contribution limit for 2024 is $23,000 ($22,500 for 2023).
(however, you could be subject to lower contribution limits if you’re deemed a highly compensated employee.) the result? Employees can invest more money into 401(k) plans in 2024, with contribution limits increasing from $22,500 in 2023 to $23,000 in 2024.
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Contribution Limits Increase for Tax Year 2024 For Traditional IRAs , The maximum amount you can contribute to a roth 401 (k) for 2024 is $23,000 if you're younger than age 50.