401k Ira Limits 2024. The contribution limit for simple 401 (k)s is $16,000 (up to $19,500 if you're 50 or older). You can make 2024 ira contributions until the unextended federal tax deadline (for income earned in 2024).
The simple ira and simple 401 (k) contribution limits will increase from $15,500 in 2023 to $16,000 in 2024. 2024 retirement account contribution amounts.