2024 401k Tax Limit
2024 401k Tax Limit. For 2024, the contribution limits for 401 (k) plans have been increased. In 2024, the 401(k) contribution limit for participants is increasing to $23,000, up from $22,500 in 2023. Employees can contribute up to $22,500, up from $22,000 in 2023. The ira catch‑up contribution limit for individuals aged 50 and.