401k And Roth Ira Contribution Limits 2024. The roth 401(k) contribution limit for 2024 is $23,000 for employee contributions and $69,000 total for both employee and employer contributions. If you file taxes as a single person, your modified adjusted gross income (magi) must be under $153,000 for tax year 2023 and $161,000 for tax year 2024 to contribute to a roth ira, and if youโre married and filing jointly, your magi.
If youโre a single filer, youโre eligible to contribute a portion of the full amount if your. Yes, under certain circumstances you can have both a 401k and a roth ira.
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