Irs 401k Total Contribution Limits 2024. Of note, the 2024 pretax limit that applies to elective deferrals to irc section 401(k), 403(b) and 457(b) plans increased from $22,500 to $23,000. However, individual retirement account (ira) contributions will continue to be $7,000 in 2025,.
Most limits related to retirement plans will be slightly increased. For individual retirement accounts, or irasโboth roth and traditional types โ2024 contributions will max out at $7,000, up from $6,500 in 2023.