2024 401k Maximum Contribution Limits 2024. The 401 (k) contribution limit for individuals has been increased to $23,000 for 2024. Of note, the 2024 pretax limit that applies to elective deferrals to irc section 401(k), 403(b) and 457(b) plans increased from $22,500 to $23,000.
For 2024, the irs allows you to contribute up to $23,000 to your 401 (k) at work and up to $7,000 to your ira. 401k 2024 contribution limit chart, the roth 401 (k) contribution limit for 2024 is $23,000 for employee contributions and $69,000 total for both employee and employer.