2024 Contribution Limits Chart
2024 Contribution Limits Chart. The ira contribution limit is $7,000, or $8,000 for individuals 50 or older in 2024. The contribution limit for employees who participate in 401k, 403b, and most 457 plans, as well as the federal government's thrift savings plan is increased to $23,000, up from.
Employees can invest more money into 401(k) plans in 2024, with contribution limits increasing from 2023’s $22,500 to $23,000 for 2024. $6,500 if you’re younger than age 50.