401k 2024 Tax Year Limit 2024. Each year, the internal revenue service (irs) provides a limit on what an individual can contribute to a 401 (k) plan. This marks a $500 increase.

401k standard contribution limit in 2024 in 2024, the irs has increased the standard employee contribution limit for 401(k) plans to $23,000. The 401 (k) contribution limit will increase to $23,000 in 2024, up from $22,500 in 2023.