2024 401k Maximum Contribution Limits Irs. The irs has announced the 2024 contribution limits for retirement savings accounts, including contribution limits for 401(k), 403(b), and 457(b) plans, as well as income limits for ira. If you recently started a 401 (k), the 2024 contribution limits are particularly important.

However, individual retirement account (ira) contributions will continue to be $7,000 in 2025,. 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.