Individual 401k 2024 Limits. The 401(k) contribution limit for 2024 is $23,000, or $30,500 if you’re at least 50. No income limits with a roth 401(k) the income limit for contributing to a roth ira in 2024 kicks in once an individual’s modified adjusted gross.

Contributions to 401 (k)s can be automatically deducted from your paycheck. 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 from the.