401k 2024 Limits Increase 2024. In 2024, the irs has increased the standard employee contribution limit for 401 (k) plans to $23,000. However, easing inflation now means lower forecasts for 401 (k).
This year the irs announced there will be an increase to the maximum employee 401(k) contribution limit for 2024, increasing it to $23,000, a $500 increase. For those with a 401(k), 403(b), or 457 plan through an employer, your new maximum contribution limit will go up to $23,000 in 2024.