Wendi Marcile

401k 2024 Limits. Starting in 2024, employees can contribute up to $23,000 into their 401(k), 403(b), most 457 plans or the thrift savings plan for federal employees, the irs. For 2024, the 401 (k) limit for employee salary deferrals is $23,000, which is above the 2023 401 (k) limit of $22,500.

The contribution limit for simple 401 (k)s is $16,000 (up to $19,500 if you’re 50 or older). Get the latest 401(k) contribution limits for 2024.