401k 2024 Tax Year Limitations. The contribution limits for individual retirement accounts (iras) also increases from $6,500 to $7,000. The ira catch‑up contribution limit for individuals aged 50 and over was amended under the secure 2.

401 (k) contribution limits for 2024. The 2024 contribution limit for 401 (k) plans is $23,000, up from $22,500 in 2023.