Dyane Grethel

401k Limits 2024 Roth Or Traditional. This year the irs announced there will be an increase to the maximum employee 401 (k) contribution limit for 2024, increasing it to $23,000, a $500 increase from the 2023 tax season. More people will be able to make contributions to roth ira accounts, too.

Iras come in both traditional and roth varieties, too, by the way. If you’re age 50 and older, you can add an extra $7,500.