401k Limit 2024 Irs. There are limits to how much employers and employees can contribute to a plan (or ira) each year. For employer sponsored plans, including 401(k)s the 2024 contribution limits will jump to $23,000.
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. Of note, the 2024 pretax limit that applies to elective deferrals to irc section 401 (k), 403 (b) and 457 (b) plans increased from $22,500 to $23,000.