401k And Roth Ira Contribution Limits 2024. Workers who contribute to a 401 (k), 403 (b), most 457 plans and the federal government’s thrift savings plan can contribute up to $23,000 in 2024, a $500 increase. For most individuals, the roth ira contribution limit in 2024 is the smaller of $7,000 or your taxable income.
The contribution limit for individual retirement accounts (iras) for the 2024 tax year is $7,000. If you are 50 and older, you can contribute an additional $1,000 for a total of $8,000.
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