401k 2024 Maximum Contributions. Contributions to 401 (k)s can be automatically deducted from your paycheck. The basic employee contribution limit for 2024 is $23,000 ($22,500 for 2023).
Workers who contribute to a 401 (k), 403 (b), most 457 plans and the federal government’s thrift. The internal revenue service (irs) raised the annual contribution limits for 2024 to $23,000, which amounts to a cost of living adjustment and is an increase from $22,500.