401k Max 2024 Catch Up Contribution. If you are 50 or older, you can defer paying income tax on $30,000 in your 401. The roth 401 (k) contribution limit for 2024 is $23,000 for employee contributions and $69,000 total for both employee and employer contributions.

The limit on total employer and employee contributions for 2023 was $66,000 ($73,500 with. For individual retirement accounts, or iras—both roth and traditional types—2024 contributions will max out at $7,000, up from $6,500 in 2023.