401 K Irs Limits 2024. 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. For 2024, the 401 (k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older.
The 2024 401(k) contribution limit is $500 higher than this yearโs $22,500 max, which reflected a major increase from the 2022 limit of $20,500. Contributions to 401 (k)s can be automatically deducted from your.