2024 Irs 401k Limit. The 2023 401(k) contribution limit for employees was $22,500. 48 rows the 2024 401 (k) individual contribution limit is $23,000, up from $22,500 in 2023.

The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000. Section 415 of the internal revenue code (code) provides for dollar limitations on benefits and contributions under qualified retirement plans.