2024 Irs 401k Limits.  — you can contribute up to $23,000 to a 401(k) in 2024 or $30,500 if you're age 50 or older. 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.

 — the contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000. Most people don’t max out their 401(k).