2024 Irs 401 K Maximum Contribution Limits. The 2024 401 (k) individual contribution limit is $23,000, up from $22,500 in 2023. For 2024, the 401(k) limit for employee salary deferrals is $23,000, which is above the 2023 401(k) limit of $22,500.
The 401(k) contribution limits for 2023 sit at $22,500 for retirement savers under 50 and $30,000 for those 50 and over. The 401(k) contribution limit for 2024 is $23,000.
