2024 401 K Contributions Limits. The contribution limit for 401 (k)s, 403 (b)s, most 457 plans and the federal government's thrift savings plan is $23,000 for 2024, up from $22,500 in 2023. The 2024 401 (k) contribution limit is $23,000, a $500 increase from 2023โ€™s limit.


2024 401 K Contributions Limits

The contribution limit for simple 401 (k)s is $16,000 (up to $19,500 if you’re 50 or older). For the 2024 tax year, the irs allows up to $7,000 in contributions to an ira for individuals under age 50.

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