2024 401k Maximum Contribution Limits Irs. The maximum contribution for iras and roth iras increased to $6,500, up from $6,000 in 2022. Total 401(k) plan contributions by an employee and an employer cannot exceed $69,000 in 2024.

The 2024 contribution limits for 401 (k), 403 (b), and most 457 plans have been raised, increasing by $500 the amount plan participants can contribute. For those with a 401(k), 403(b), or 457 plan through an employer, your new maximum contribution limit.