Irs 401k Limits 2024 Include Employer Match. The irs establishes a yearly maximum 401 (k) contribution amount for employees. The irs limits how much employees and employers can contribute to a 401(k) each year.
Employer 401(k) matching doesn’t apply toward the 401(k) contribution limit, but there is a higher limit to watch our for. The annual contribution limit for an ira in 2024 is $7,000 for those under 50, or $8,000 if youโre 50 or older.