2024 401k Maximum Contribution Limits 2024. As of 2023, individual employees have a 401 (k) contribution limit of $22,500, allowing them to contribute this amount annually to their 401 (k) account on a. For individual retirement accounts, or iras—both roth and traditional types —2024 contributions will max out at $7,000, up from $6,500 in 2023.
The 401 (k) contribution limit for 2024 is $23,000. The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000.
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