401k Contribution Limits 2024 Catch Up Total Limit. This year the irs announced there will be an increase to the maximum employee 401(k) contribution limit for 2024, increasing it to $23,000, a $500 increase from the 2023 tax season. In 2024, the combined contribution limit is.
The limit on employer and employee contributions is $69,000. For those with a 401(k), 403(b), or 457 plan through an employer, your new maximum contribution limit will go up to $23,000 in 2024.