401k 2024 Compensation Limits Over 50. The limit on annual contributions to an ira increased to $7,000, up from $6,500. In 2025, the limits will rise to $70,000, $81,250 for those aged 60 to 63, and $77,500 for all others over 50.

In 2024, the maximum 401(k) contribution limit is $23,000 for people under the age of 50. This number only includes personal contributions —.