401k Contribution Limits 2024 Irs. 1, the maximum annual benefit that may be provided through a defined benefit plan is $280,000, up. The irs has announced the 2025 contribution limits for 401(k) and iras.

Section 415 of the internal revenue code (code) provides for dollar limitations on benefits and contributions under qualified retirement plans. For 2024, the maximum 401(k) contribution limit is $23,000 for individuals under the age of 50.