Roth Ira Limits 2024 Catch Up. For individuals under the age of 50, the general ira contribution limit is now set at $7,000, a $500 increase from the 2023 tax year.  — for individuals under the age of 50 in 2024, the maximum roth ira contribution limit is $7,000.

 — the 401 (k) contribution limits for 2024 are $23,000 for individuals under 50, and $30,500 for those 50 and older.  — employees can invest more money into 401(k) plans in 2024, with contribution limits increasing from $22,500 in 2023 to $23,000 in 2024.