401k And Ira Contribution Limits 2024. The 401(k) contribution limit for 2024 is $23,000 for employee contributions, and $69,000 for the combined employee and employer. The irs announced today it will increase 401(k) contribution limits to $23,500 (from $23,000 in 2024), the same increase as last year, while limits for employees over 50 remains.
For 2024, the total contributions you make each year to all of your. Those limits reflect an increase of $500.