401k Contribution Limits 2024 After Taxation. On november 1, 2023, the internal revenue service announced that the amount individuals can contribute to their 401(k). The 401(k) contribution limit for 2024 is $23,000.

Of note, the 2024 pretax limit that applies to elective deferrals to irc section 401 (k), 403 (b) and 457 (b) plans increased from $22,500 to $23,000. The 401 (k) contribution limit is the maximum amount an individual can contribute to their 401 (k) retirement account in a calendar year without facing tax.