Irs 2024 Contribution Limits 401k. Additional highlights for 2024 the limit on annual contributions to an ira increased to $7,000 (up. Starting in 2024, employees can contribute up to $23,000 into their 401(k), 403(b), most 457 plans or the thrift savings plan for federal employees, the irs announced nov.

For employer sponsored plans, including 401(k)s the 2024 contribution limits will jump to $23,000. The employee contribution limit for simple iras and simple 401 (k) plans is increased to $16,000, up from $15,500.