Ira Contribution Limits 2024 With 401k Plan

Ira Contribution Limits 2024 With 401k Plan. The 2024 limits are $69,000. The irs this week announced it was raising the 401 (k) contribution limit to $23,000, up from $22,500 currently.

The 401 (k) contribution limits for 2024 are $23,000 for individuals under 50, and $30,500 for those 50 and older. The 2024 401(k) contribution limit is $500 higher than this year’s $22,500 max, which reflected a major increase from the 2022 limit of $20,500.