2024 Ira And 401k Contribution Limits. For those who are able or wish to, you will be allowed to sock away even more money into a 401 (k) or ira next year. The ira contribution limit in 2024 is $7,000.

The ira contribution limits for 2024 are $7,000 for those under age 50, and $8,000 for those age 50 or older. You can contribute a maximum of $7,000 (up from $6,500 for 2023).