401k Contribution Limits 2024 Catch Up Total 2024. The agency also boosted the contribution maximums for iras and lifted the limit to $7,000 for 2024, up from $6,500 in 2022. The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000.

That means a total of $30,500. The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000.