2024 401k Contribution Limits 2024 Irs. This is an increase from the previous year's limit. The basic employee contribution limit for 2024 is $23,000 ($22,500 for 2023).
Employees can invest more money into 401(k) plans in 2024, with contribution limits increasing from 2023โs $22,500 to $23,000 for 2024. The limit on annual additions (the combination of all employer contributions and employee elective salary deferrals to all 403 (b) accounts) generally is the lesser of: