2024 401k Contribution Limits 2024. Workers who contribute to a 401 (k), 403 (b), most 457 plans and the federal government’s thrift savings plan can contribute up. On november 1, 2023, the internal revenue service announced that the amount individuals can contribute to their 401(k).
The contribution limit will increase from $22,500 in 2023 to $23,000. The total overall 401 (k) contribution limit for 2024, which includes employer matching contributions and nonelective contributions, is $69,000.