401k 2024 Contribution Limit Irs Catch-Up. The internal revenue service (irs) raised the annual contribution limits for 2024 to $23,000, which amounts to a cost of living adjustment and is an increase from. The limit on combined employee and employer contributions is $69,000, up from $66,000 in 2023.
The contribution limits for individual retirement accounts (iras). The contribution limit for simple 401 (k)s is $16,000 (up to $19,500 if.