Max 401k Ira Contribution 2024. A roth ira might be a particularly good destination for your extra. The 2024 401(k) contribution limit is $500 higher than this year’s $22,500 max, which reflected a major increase from the 2022 limit of $20,500.

In 2024, the contribution limit for a roth ira is $7,000, plus an additional contribution of $1,000 if you are age 50 or older. Retirement savers under age 50 can contribute up to $7,000 to an ira in 2024.