Current 401k Contribution Limits 2024. Employees will be able to sock away more money into their 401 (k)s next year. The 2024 401(k) contribution limit is $500 higher than this year’s $22,500 max, which reflected a major increase from the 2022 limit of $20,500.

For employer sponsored plans, including 401(k)s the 2024 contribution limits will jump to $23,000. The irs released 401(k) and ira contribution limits for 2024.