401k 2024 Limits Increase. The 2024 contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023. This year the irs announced there will be an increase to the maximum employee 401(k) contribution limit for 2024, increasing it to $23,000, a $500 increase.
Savers will be able to contribute as much as $23,000 in 2024 to a 401(k), up from $22,500 in 2023, an increase of $500 from 2023. Find out the irs limit on how much you and your employer can contribute to your 401(k) retirement savings account in 2023 and 2024.
