401k Contribution 2024 Maximum

401k Contribution 2024 Maximum. The irs also sets limits on how much you and your employer combined can contribute to your 401 (k). As of 2023, individual employees have a 401 (k) contribution limit of $22,500, allowing them to contribute this amount annually to their 401 (k) account on a.

Some retirement plans have lower limits, so check the details of your allowable. The irs increased 2024 contribution limits for 401(k)s, 403(b)s, and iras.