Yes, there are contribution limits for tax-deferred accounts. These limits vary depending on the type of account and are set by the Internal Revenue Service (IRS). For example, in 2023, the annual contribution limit for an IRA is $6,000 (or $7,000 for individuals aged 50 and older), while the annual contribution limit for a 401(k) plan is $20,500 (or $27,000 for individuals aged 50 and older). It's essential to stay updated on these limits and ensure compliance with IRS guidelines.