2024 401k Maximum Contribution Limits Irs. Here's how the 401(k) plan limits will change in 2024: The internal revenue service said friday that the amount individuals can contribute to their 401(k) plans in 2025 has increased to $23,500, up from $23,000 for 2024.
The new contribution limit for 401 (k)s and other workplace retirement plans in 2025 will be $23,500, up from $23,000 currently, the internal revenue service said friday. For individual retirement accounts, or irasโboth roth and traditional typesโ2024 contributions will max out at $7,000, up from.
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