Roth 401k Contribution Limits 2024 Irs. The account or annuity must be designated as a roth ira when it is set up. The simple ira and simple 401 (k) contribution limits will increase from $15,500 in 2023 to $16,000 in 2024.

This table shows whether your contribution to a roth ira is affected by the amount of your modified agi as computed for roth ira purpose. If you’re age 50 and older, you can add an extra $1,000 per year in.