Max 2024 401k Contribution

Max 2024 401k Contribution. The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000. More people will be able to make contributions to roth ira.

In 2022, the most you can contribute to a roth 401(k) and contribute in pretax contributions to a traditional 401(k) is $20,500. Simple 401 (k) plan contributions max out at $16,000 for the 2024 tax year.