2024 401k Max Limit. Set by the internal revenue service (irs), this limit undergoes periodic adjustments to account for inflation and changes in the cost of living. The 401 (k) contribution limit for 2024 is $23,000.

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. Find out the irs limit on how much you and your employer can contribute to your 401(k) retirement savings account in 2023 and 2024.