401k Contribution Limit 2024 Over 50. This amount is an increase of $500. 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.
401 (k) contribution limits for 2024. The annual contribution limit for a roth ira for those under 50 is $7,000 for 2024, with an additional $1,000 catch up contribution if you’re age 50 or older.