2024 401k Maximum Contribution Limits Irs. The internal revenue service (irs) raised the annual contribution limits for 2024 to $23,000, which amounts to a cost of living adjustment and is an increase from $22,500. Amount of your reduced roth ira contribution.
The contribution limit will increase from $22,500 in 2023 to $23,000. 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.