Annual Ira Contribution Limit 2024. 401 (k) limit increases to $23,000 for 2024, ira limit rises to $7,000. The limitation for defined contribution plans under section 415(c)(1)(a) is increased in 2024 from $66,000 to $69,000.
The total employee contribution limit to all 401 (k) and 403 (b) plans for those under 50 will be going up from $22,500 in 2023 to $23,000 in 2024. If you are 50 and older, you can contribute an additional $1,000 for a total of.