401k Contribution 2024 Maximum Contribution. On nov., 1, 2023, the irs boosted annual contribution limits for 2024 for 401(k), 403(b), and most 457 plans. Retirement savers are eligible to put $500 more in a 401(k) plan in 2024:

For 2024, the 401(k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older. Contributions to 401 (k)s can be automatically deducted from your.