Irs 2024 Max 401k Contribution Limits. In 2024, the 401 (k) contribution limit for participants is increasing to $23,000, up from $22,500 in 2023. In 2024, the combined contribution limit is increasing to $69,000, up from $66,000 in 2023.

Workers who contribute to a 401 (k), 403 (b), most 457 plans and the federal government’s thrift savings plan can contribute up to $23,000 in 2024, a $500 increase from the $22,500 limit in 2023. The irs sets a limit on how much can be put into a 401 (k) plan every year, also known as an.