401k 2024 Tax Year Limit

401k 2024 Tax Year Limit. That is $500 more than you were allowed to contribute in 2023. For those with a 401 (k), 403 (b), or 457 plan through an employer, your new maximum contribution limit will go up to $23,000 in 2024.

In 2024, employers and employees together can contribute up to $69,000, up from a limit of $66,000 in 2023. 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.