Roth 401 K Income Limits 2024 Over 50

Roth 401 K Income Limits 2024 Over 50. As of 2023, individual employees have a 401 (k) contribution limit of $22,500, allowing them to contribute this amount annually to their 401 (k) account on a. Next year, the limit for savers under 50 is rising to $23,000.

That’s an increase from the 2023 limit of $330,000. Essentially, for 2023 the annual solo 401(k) contribution limit is $66,000 or 100% of earned income, whichever is less ($69,000 in 2024).