401k 2024 Contribution Limit Irs. The contribution limit for iras will be $7,000 in 2024, increasing from $6,500 in 2023. The contribution limit for 401 (k), 403 (b), thrift savings plans and most 457 plans will be $23,000 in 2024, rising from $22,500 in 2023.

For 2024, the annual limit on employee contributions to a 401(k) is $23,000 for workers under age 50. A roth ira might be a particularly good destination for your extra retirement funds.