Irs 2024 401k Contribution Limits 2024. The irs announced the changes to the dollar limits on benefits and contributions under qualified retirement plans, as well as other items, for tax year 2024. The irs released 401(k) and ira contribution limits for 2024.

The 401 (k) 2024 employee contribution limit is $23,000, which is an increase of $500 from the previous year. The plan must specifically state that contributions or benefits cannot exceed.