Annual 401k Contribution Limit 2024. Key takeaways the irs sets the maximum that you and your employer can contribute to your 401(k) each year. The 401 (k) 2024 employee contribution limit is $23,000, which is an increase of $500 from the previous year.

The limit on employer and employee contributions is. The irs has announced the 2024 contribution limits for retirement savings accounts, including contribution limits for 401(k), 403(b), and 457(b) plans, as well as income limits.