Maximum 401 K Contribution Limit 2024 Lok. In 2024, the irs has increased the standard employee contribution limit for 401(k) plans to $23,000. Find out the 401(k) contribution limits for 2024 before you plan your taxes for next year.

This goes for employees covered by 403(b) plans and most 457 plans, too. This marks a $500 increase from the 2023 limit of $22,500.