Irs 2024 401 K Limits. Starting in 2024, employees can contribute up to $23,000 into their 401(k), 403(b), most 457 plans or the thrift savings plan for federal employees, the irs announced nov. The irs sets 401(k) contribution limits and typically increases them by $500 each year.
The 401(k) contribution limit is $23,000. For the tax year 2024, the maximum amount that an employee can contribute to their 401(k) retirement plan is $23,000.