What Is 2024 Maximum 401k Contribution Limit. In 2023, this rises to $22,500. The internal revenue service (irs) raised the annual contribution limits for 2024 to $23,000, which amounts to a cost of living adjustment and is an increase from.
The total overall 401 (k) contribution limit for 2024, which includes employer matching contributions and nonelective contributions, is $69,000. For those 50 or older, the limit is $30,500.