2024 401k Limits Contribution Increase. Starting in 2025, retirement savers can contribute more to their 401 (k) plans. The 2025 401 (k) contribution limit increased to $23,500, up from $23,000 in.
Starting in 2024, individuals under the age of 50 will be able to contribute up to $23,000 annually to their 401 (k) accounts, a significant increase from the previous limit. The contribution limits are much lower for iras, and can even be reduced (potentially down to $0) for roth ira contributions if your income is too high.