401k Catch Up 2024 Roth. The annual contribution limit for a roth ira is $7,000 as of 2024. Choose your tax advantage pick a traditional 401(k) to reduce your income tax in the year your contributions are made or go with a roth option in the 401(k) if available, which doesn’t get you an initial tax break but does allow you to withdraw the.

In 2024, employees can contribute up to $23,000 in their traditional and roth 401 (k). The contribution limit for a designated roth 401 (k) increased $500 to $23,000 for 2024.