401 Contribution Limits 2024 . Employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from 2023’s $22,500 to $23,000 for 2024. The 401(k) contribution limit for 2024 is $23,000.
Since the inflation rate is relatively high, the 401 (k) contribution limit’s bump from 2023 to 2024 is larger than what we’re used to seeing. On nov., 1, 2023, the irs boosted annual contribution limits for 2024 for 401(k), 403(b), and most 457 plans.
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