Irs 401k Limits 2024 Total. Total 401(k) plan contributions by an employee and an employer cannot exceed $69,000 in 2024. That means you can contribute $7,000 or $8,000 if you're 50 in 2025.
Ira contribution limits for 2024 the limit for both traditional and roth iras is $7,000 total from among all accounts, a $500 increase from the $6,500 limit in 2023. The irs sets the maximum that you and your employer can contribute to your 401(k) each year.