2024 401k Contribution Limits 2024. The irs has officially announced the 401k and ira contribution limits for the year 2024. This amount is up modestly from 2023, when the individual.
Employees can invest more money into 401(k) plans in 2024, with contribution limits increasing from 2023โs $22,500 to $23,000 for 2024. For instance, you can contribute up to $23,000 to a 401 (k) by the last business day of 2024.