2024 Irs 401k Contribution Limits. For those with a 401(k), 403(b), or 457 plan through an employer, your new maximum contribution limit. The 401 (k) contribution limits for 2024 are $23,000 for individuals under 50, and $30,500 for those 50 and older.

There are limits to how much employers and employees can contribute to a plan (or ira) each year. The contribution limits are adjusted for inflation every year by the irs.