401k And Roth Ira Contribution Limits 2024

401k And Roth Ira Contribution Limits 2024. The first is a low contribution cap. In 2024, you can contribute a total of up to $7,000, or $8,000 if you’re age 50 or older, to all of your roth and traditional ira accounts.

In 2024, the contribution limit for a roth ira is $7,000, plus an additional contribution of $1,000 if you are age 50 or older. If you have a roth ira, the maximum in 2023 is $6,500.