401k 2024 Limits Increase. The 2024 limit on annual contributions to an ira will be $7,000, an increase from $6,500 in 2023. Irs 401k employer contribution limits 2024.

401 (k) contribution limits should continue their upward climb in 2024, according to a recent projection by mercer. For 2024, the 401(k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older.