Irs Contribution Limit 2024. Workers who contribute to a 401(k), 403(b), most 457 plans and the federal government's thrift savings plan can contribute up to $23,000 in 2024, a $500 increase from the $22,500 limit in 2023. The annual contributions limit for traditional iras and roth iras was $7,000 for 2024, rising from $6,500 for 2023.
Page last reviewed or updated: The 2024 annual ira contribution limit is $7,000 for individuals under 50, or $8,000 for 50 or older.