Irs 401k Contribution Limit 2024. The annual contributions limit for traditional iras and roth iras was $7,000 for 2024, rising from $6,500 for 2023. The 2024 401(k) contribution limit is $500 higher than this year’s $22,500 max, which reflected a major increase from the 2022 limit of $20,500.

The 401(k) employee contribution limit for 2024 is $23,000. The irs has officially announced the 401k and ira contribution limits for the year 2024.