2024 401k Contribution Maximum Limit. The agency also boosted the contribution maximums for iras and lifted the limit to $7,000 for 2024, up from $6,500 in 2022. Additional highlights for 2024 the limit on annual contributions to an ira increased to $7,000 (up from $6,500), and while the ira catch up contribution limit for.

For 2024, the 401(k) annual contribution limit is $23,000, up from $22,500 in 2023. This limit includes all elective employee salary deferrals and any contributions.