Contribution Limits 2024 401k. The agency also boosted the contribution maximums for iras and lifted the limit to $7,000 for 2024, up from $6,500 in 2022. Contributions to 401 (k)s can be automatically deducted from your.

This year the irs announced there will be an increase to the maximum employee 401 (k) contribution limit for 2024, increasing it to $23,000, a $500 increase. As of 2024, the irs’s 401 (k) contribution limit has risen to $23,000.