401k 2024 Maximum Contribution Limit

401k 2024 Maximum Contribution Limit. The 401(k) maximum contribution limit for 2024 is $23,000. The 401 (k) contribution limit is the maximum amount an individual can contribute to their 401 (k) retirement account in a calendar year without facing tax penalties.

Employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from 2023’s $22,500 to $23,000 for 2024. Here’s what you need to know about that maximum, employer matches and how much you should contribute.