2024 Combined Ira And 401k Contribution Limit. [2] 401(k) and ira limit increases for 2023. The contribution limit for 401 (k), 403 (b), thrift savings plans and most 457 plans will be $23,000 in 2024, rising from $22,500 in 2023.

The ira contribution limits for 2024 are $7,000 for those under age 50, and $8,000 for those age 50 or older. For 2024, the 401 (k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older.