2024 Irs 401k Limit. There are limits to how much employers and employees can contribute to a plan (or ira) each year. The 2024 ira contribution limit is $7,000, up from $6,500 in 2023.
401k 2024 contribution limit irs over 50 moira lilllie, this means that your total 401 (k) contribution limit for 2024 is $30,500. The irs adjusts this limit.