401k Limits 2024 Roth Conversion. For 2024, those income limits rise, and if you're single, or file as head of household, 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. The roth 401(k) contribution limit for 2024 is $23,000 for employee contributions and $69,000 total for both employee and employer contributions.

What’s a roth ira conversion? A roth ira is an ira that, except as explained below, is subject to the rules that apply to a traditional ira.