Irs 40k Limits 2024. The 2023 401(k) contribution limit for employees was $22,500. The contribution limit for 401(k)s, 403(b)s, most 457 plans and the federal government's thrift savings plan is $23,000 for 2024, up from $22,500 in 2023.
All new limits will go into effect jan. In 2024, employees can contribute up to $23,000 to a 401(k) plan, a $500 increase from 2023.