2024 401k Contribution Limits 2024 Irs. The irs limits how much employees and employers can contribute to a 401(k) each year. The irs has announced the 2024 contribution limits for retirement savings accounts, including contribution limits for 401(k), 403(b), and 457(b) plans, as well as income limits for ira.

In 2024, the 401(k) contribution limit for participants is increasing to $23,000, up. For 2025, the 401(k) limit for employee salary deferrals is $23,500, which is above the 2024 401(k) limit of $23,000.