What Is 2024 Maximum 401k Contribution Limit. 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. 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.
For 2023, irs set the 401 (k) contribution limit to $22,500, reflecting an increase of $1,000 from 2022. The 401 (k) employee contribution limit for 2024 is $23,000.