Irs 2024 401k Contribution Limits 2024. $19,500 in 2020 and 2021 and $19,000 in 2019), plus $7,500 in 2023;. The irs raised the standard 401 (k) contribution limit from $22,500.

For individual retirement accounts, or iras—both roth and traditional types—2024 contributions will max out at $7,000, up from. By exceeding your 401(k) contribution limits for 2024, you’re essentially underpaying your income taxes.