Drusy Honoria

Maximum 401k Contributions 2024. The annual contributions limit for traditional iras and roth iras was $7,000 for 2024, rising from $6,500 for 2023. For 2024, the 401 (k) limit for employee salary deferrals is $23,000, which is above the 2023 401 (k) limit of $22,500.

Use paycheckcity’s 401k calculator to see how 401k contributions impact your paycheck and how much your 401k could be. Contributions to 401 (k)s can be automatically deducted from your.