401k And Roth Ira Contribution Limits 2024. The roth 401(k) contribution limit for 2024 is $23,000 for employee contributions and $69,000 total for both employee and employer contributions. This is an extra $500 over 2023.

The irs sets the maximum that you and your employer can contribute to your 401 (k) each year. The contribution limit for individual retirement accounts (iras) for the 2024 tax year is $7,000.