401k 2024 Tax Year Limit 2024. That limit also applies to 457, 403 (b) and the federal. On november 1, 2023, the internal revenue service announced that the amount individuals can contribute to their 401(k).

The 401(k) 2024 employee contribution limit is $23,000, which is an increase of $500 from the previous year. Key takeaways the irs sets the maximum that you and your employer can contribute to your 401(k) each year.