2024 Combined Ira And 401k Contribution Limit

2024 Combined Ira And 401k Contribution Limit. $7,000 ($8,000 if you're age 50 or older), or. 2024 limitations adjusted as provided in section.

For 2024, the employee contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023. The combined annual contribution limit for roth and traditional iras for the 2024 tax year is $7,000, or $8,000 if you’re age 50 or older.