Limit For 401 K In 2024. This amount is up modestly from 2023, when the individual. This year the irs announced there will be an increase to the maximum employee 401(k) contribution limit for 2024, increasing it to $23,000, a $500 increase.
The basic employee contribution limit for 2024 is $23,000 ($22,500 for 2023). The 2024 limit on 401(k) contributions is $23,000, or $30,500 for people 50 and older.