2024 40k Contribution Limits Irs. You can soon save more money for retirement, thanks to an increase in ira and 401(k) contribution limits for 2024. The irs this week announced it was raising the 401 (k) contribution limit to $23,000, up from $22,500 currently.

For those with a 401 (k),. The irs said on friday it increased the annual employee deferral limit to $23,500, from $23,000 in 2024, for workplace plans, including 401(k)s, 403(b)s, governmental 457 plans and the federal.