Maximum 401k Contribution 2024 Employers In India. However, there is a limit that applies to total contributions, meaning the sum of the employee. The combined annual contribution limit for roth and traditional iras for the 2024 tax year is $7,000, or $8,000 if you're age 50 or older.

If you contribute, say, $23,000 toward your 401 (k) in 2024 and your employer adds $5,000, you’re still within the irs limits. Learn about types of 401(k) plans and how you can increase your limit.