2024 401k Limits And Matching Contributions.  — the 2024 401 (k) contribution limit is $23,000, a $500 increase from 2023’s limit.  — the irs has officially announced the 401k and ira contribution limits for the year 2024.

 — in 2024, for example, the irs limit on ira contributions is $7,000 and $8,000 for those 50 or older.  — the contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000.