401k Irs Limit 2024.  — the combined annual contribution limit for roth and traditional iras for the 2024 tax year is $7,000, or $8,000 if you're age 50 or older.  — the 401 (k) 2024 employee contribution limit is $23,000, which is an increase of $500 from the previous year.

 — the internal revenue service sets the maximum amount you and your employer can contribute to your 401 (k), and that number increases in 2024. That’s an increase from the 2023 limit of $330,000.