2024 Contribution Limits Chart Irs. Of note, the 2024 pretax limit that applies to elective deferrals to irc section 401 (k), 403 (b) and 457 (b) plans increased from $22,500 to $23,000. 2024 ira contribution and deduction limits effect of modified agi on deductible contributions if you are covered by a retirement plan at work.
You can contribute a maximum of $7,000 (up from $6,500 for 2023). Limits on contributions and benefits.