Irs Retirement Contribution Limits 2024. For the year 2024, the internal revenue service (irs) has announced adjustments to individual retirement account (ira) contribution limits. The irs increased 2024 contribution limits for 401 (k)s, 403 (b)s, and iras.
The plan must specifically state that contributions or benefits. If you are 50 and older, you can contribute an additional $1,000 for a total of $8,000.