2024 401k Contribution Limits 2024 Irs. The contribution limit for employees who participate in 401k, 403b, and most 457 plans, as well as the federal government's thrift savings plan is increased to $23,000, up from $22,500. The new $23,000 limit will.
The 2024 401(k) contribution limit is $500 higher than this year’s $22,500 max, which reflected a major increase from the 2022 limit of $20,500. Annual 401k contribution limits the 2024 annual contribution limit for 401(k) plans has been set at $23,000.