401k Limit 2024 Roth And Traditional. The income limits for the roth ira apply only to roth ira contributions, so you could still contribute to a traditional ira up to the $6,500 (or $7,500) limit for 2023,. The limit for annual contributions to roth and traditional individual retirement accounts (iras) for the 2024 tax year was $7,000 or $8,000 if you were age 50 or older.
The limit on total employer and employee contributions for 2023 was $66,000 ($73,500 with. For 2024, the limit is $23,000, or $30,500 if you’re 50 or older.
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