401k 2024 Max Contribution Limit. Since 401(k) plans offer significant tax benefits, the government limits how much you can contribute to your account each year. 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.
For 2024, the contribution limits for 401 (k) plans have been increased. Workers who contribute to a 401(k), 403(b), most 457 plans and the federal government’s thrift savings plan can contribute up to $23,000 in 2024, a $500 increase.
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