401 K Contribution Limits 2024. For 2024, the 401 (k) annual contribution limit is $23,000, up from $22,500 in 2023. The irs released 401(k) and ira contribution limits for 2024.
The 2024 401 (k) contribution limit is $23,000, a $500 increase from 2023โs limit. Of note, the 2024 pretax limit that applies to elective deferrals to irc section 401 (k), 403 (b) and 457 (b) plans increased from $22,500 to $23,000.
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