Irs Retirement Contribution Limits 2024. The maximum contribution limit on elective salary deferrals will increase from $22,500 to $23,000. 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.
If you are 50 and older, you can. Retirement limits, tax brackets and more.