2024 401k Limits Contribution

2024 401k Limits Contribution. The contribution limits for individual retirement accounts (iras) also increases from $6,500 to $7,000. For those with a 401 (k), 403 (b), or 457 plan through an employer, your new maximum contribution limit will go up to $23,000 in 2024.

See the limits for traditional 401(k)s, roth 401(k)s, employer contributions, and profit sharing. The 401 (k) contribution limits for 2024 are $23,000 for individuals under 50, and $30,500 for those 50 and older.