401k Contribution Limits 2024 Age 55. 401 (k) contribution limits in 2023 and 2024. The contribution limits for individual retirement accounts (iras).
This amount is up modestly from 2023, when the individual 401 (k) contribution limit. Of note, the 2024 pretax limit that applies to elective deferrals to irc section 401 (k), 403 (b) and 457 (b) plans increased from $22,500 to $23,000.