Employer 401k Contribution Limit 2024. The annual contributions limit for traditional iras and roth iras was $7,000 for 2024, rising from $6,500 for 2023. The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000.
For 2024, the 401(k) annual contribution limit is $23,000, up from $22,500 in 2023. In 2022, the most you can contribute to a roth 401(k) and contribute in pretax contributions to a traditional 401(k) is $20,500.