401k 2024 Tax Year Limits. Find out the total limits for. For tax year 2024, if you're single, the ability to contribute to a roth ira begins to phase out at magi of $146,000 and is completely phased out at $161,000.

For 2024, the compensation limit (which is the amount of your income that’s used to figure out 401(k) contributions and matches) is limited to $345,000. Find out the total limits for.