Maximum 401k And Roth Ira Contribution 2024. The 2024 contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023. The 401 (k) contribution limit for 2024 is $23,000 for employee contributions, and $69,000 for the combined employee and employer contributions.

You can make a contribution to your ira by having your income tax refund (or a portion of your refund), if any, paid directly to your traditional ira, roth ira, or sep ira. The irs limits how much employees and employers can contribute to a 401(k) each year.