401 K Max 2024 Contribution Limits. The 2024 401 (k) individual contribution limit is $23,000, up from $22,500 in 2023. Those 50 and older can contribute an additional.

Starting in 2024, employees can contribute up to $23,000 into their 401 (k), 403 (b), most 457 plans or the thrift savings plan for federal employees, the irs announced nov. Here’s what you need to know about that maximum, employer matches and how much you should contribute.