2024 401k Limits Contribution. 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. The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000.

For 2024, the 401(k) annual contribution limit is $23,000, up from $22,500 in 2023. The 401 (k) contribution limits for 2024 are $23,000 for individuals under 50, and $30,500 for those 50 and older.