Ira Limits 2024 Income Limits. Your roth ira contribution might be limited based on your filing status and income. 401 (k) limit increases to $23,000 for 2024, ira limit rises to $7,000, internal revenue service,.

For both traditional and roth iras, you can contribute up to $7,000 for 2024, up from $6,500 in 2023. The most you can contribute to a 401 (k) in 2023 is $22,500, or $30,000 if you’re 50 or older.