Maximum 401k And Roth Contribution 2024. For 2024, the 401 (k) limit for employee salary deferrals is $23,000, which is above the 2023 401 (k) limit of $22,500. For most individuals, the roth ira contribution limit in 2024 is the smaller of $7,000 or your taxable income.

The contribution limits for 401 (k) accounts can vary every year. Those 50 and older can contribute an additional $7,500.