Roth 401 K Income Limits 2024 Olympics

Roth 401 K Income Limits 2024 Olympics. For 2024, the contribution limits to a roth 401 (k) are $23,000 or $30,500 if you are 50 or older. $7,000 for individuals under age 50.

For 2024, the irs limits the amount of compensation eligible for 401(k) contributions to $345,000. The irs has announced that individuals can now contribute up to $7,000 to their roth ira, a $500 increase from the previous year.