2024 401k Limits Contribution 2024. On november 1, 2023, the internal revenue service announced that the amount individuals can contribute to their 401 (k). This is an increase from the 2023 limit of $22,500.

As of 2023, individual employees have a 401 (k) contribution limit of $22,500, allowing them to contribute this amount annually to their 401 (k) account on a. The 401 (k) contribution limit is $23,000.