2024 401k Contribution Maximum

2024 401k Contribution Maximum.  — the limit for employee contributions to a 401 (k) in 2024 is $23,000 for those under 50. On nov., 1, 2023, the irs boosted annual contribution limits for 2024 for 401 (k), 403 (b), and most 457 plans.

 — 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. In 2022, the most you can contribute to a roth 401(k) and contribute in pretax contributions to a traditional 401(k) is $20,500.