How much can you contribute to a Roth 401(k)?

Accountholders aged 50 or older may make additional catch-up contributions of up to $7,500, which is the same limit as in 2023. This means the total contribution can reach as much as $30,000. Employers can contribute to a Roth 401 (k) by matching employee contributions to a certain percentage or dollar amount.

How much can you contribute to a Roth 401(k) in 2023?

For 2023, employees can contribute the $22,500 standard contribution limit to a Roth 401 (k) and an additional $7,500 catch-up limit for those 50 and older. The base contribution limit for 2024 is $23,000, but catch-up contributions remain at $7,500. Importantly, those limits apply across all 401 (k) accounts.

Does a Roth 401(k) have income limits?

Unlike Roth IRAs, Roth 401 (k)s do not have any income limits. Regardless of how much you earn, you can contribute to a Roth 401 (k), if your employer offers one. What happens if you contribute too much to your Roth 401 (k)?