401k Limit 2024 After Tax Income. The irs sets 401(k) contribution limits and typically increases them by $500 annually. This means that your total 401(k) contribution limit for 2024 is $30,500.
The annual contribution limit for both roth and traditional 401(k) plans is $23,000 for tax year 2024 ($22,500 in 2023), plus up to an additional $7,500 for those age 50 and older in both 2023. This means that your total 401(k) contribution limit for 2024 is $30,500.
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