2024 401k Limits Contribution Over 50. For 2024, the contribution limit for an ira stands at $7,000 and $8,000 for people 50 and older. The contribution limit for 2023 is $6,500 and $7,500 for people 50 and older.

401(k) contribution limits for 2024. The 401 (k) contribution boost for 2024 is.