2024 401k Limits Contribution Limits

2024 401k Limits Contribution Limits. The 2024 401(k) contribution limit is $500 higher than this year’s $22,500 max, which reflected a major increase from the 2022. For individual retirement accounts, or iras—both roth and traditional types —2024 contributions will max out at $7,000, up from $6,500 in 2023.

For anyone 50 or older, you will be allowed to put. Contributions to 401 (k)s can be automatically deducted from your.