401k Limit 2024 Roth And Traditional. Those 50 and older can contribute more. This means that your total 401(k) contribution limit for 2024 is $30,500.

Yes, iif your employer offers both, you can contribute to a roth 401(k) and a traditional 401(k). If you have a traditional 401 (k), your contributions will reduce your taxable income for the year.