2024 401k Contribution Maximum

2024 401k Contribution Maximum. For employer sponsored plans, including 401(k)s the 2024 contribution limits will jump to $23,000. 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.

For the tax year 2024, the maximum amount that an employee can contribute to their 401(k) retirement plan is $23,000. You contribute $23,000—the maximum amount you’re allowed to put into your 401(k) in 2024.