401k Contribution Limits 2024 Over 50. Employees 50 or older can contribute up to $30,500 with catch. Contribution limits for a roth 401(k) are the same as for a traditional 401(k).
The annual contributions limit for traditional iras and roth iras was $7,000 for 2024, rising from $6,500 for 2023. The contribution limit for 2023 is $6,500 and $7,500 for people 50.