Total 401k Contribution Limit 2024 After Tax. For the 2023 tax year, the maximum contribution to a traditional or roth ira is the lesser of (a) your taxable compensation for 2023, or (b) $6,500 (or $7,500 if you are age 50 or. The 401 (k) contribution limit for 2024 is $23,000, or $30,500 if you’re at least 50.
Employees 50 or older can contribute up to $30,500 with catch. More people will be able to make contributions to roth.
