2024 401k Maximum Contribution Limits For 2024. These limits increase to $69,000 and $76,500, respectively, in 2024. The contribution limit for 401(k)s, 403(b)s, most 457 plans and the federal government's thrift savings plan is $23,000 for 2024, up from $22,500 in 2023.
Key takeaways the irs sets the maximum that you and your employer can contribute to your 401(k) each year. The annual employee contribution limit for 401 (k) retirement plans is increasing from $22,500 to $23,000 in 2024.