401k Roth Ira Contribution Limits 2024. Employees age 50 and older can contribute an additional $7,500 for a total of $31,000. While you can’t take a tax deduction on a roth ira because contributions are made after tax, roth iras have income limits as well:
So, if you were exercising this option in 2024, you’d only be able to roll over up to $7,000, which is the 2024 limit for people. The 2025 401(k) contribution limit increased to $23,500, up from $23,000 in 2024.
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