2024 Max 401k Contribution Over 55.  — the annual contributions limit for traditional iras and roth iras was $7,000 for 2024, rising from $6,500 for 2023. Of note, the 2024 pretax limit that applies to elective deferrals to irc section 401(k), 403(b) and 457(b) plans increased from $22,500 to $23,000.

Some retirement plans have lower limits, so check the details of your allowable contributions.  — 401 (k) contribution limits in 2023 and 2024.