2024 Irs 401k Limits On Contributions. On nov., 1, 2023, the irs boosted annual contribution limits for 2024 for 401(k), 403(b), and most 457 plans. 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.

Plan participants can contribute up to $23,000 for 2024, which is up. The total overall 401 (k) contribution limit for 2024, which includes employer matching contributions and nonelective contributions, is $69,000.