Irs 401k Limits 2024 Over 50. 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. The irs sets the maximum that you and your employer can contribute to your 401(k) each year.

The annual contributions limit for traditional iras and roth iras was $7,000 for 2024, rising from $6,500 for 2023. This means that your total 401(k) contribution limit for 2024 is.