401k 2024 Limits. The contribution limits for individual retirement accounts (iras). For instance, you can contribute up to $23,000 to a 401 (k) by the last business day of 2024.
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. 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.