2024 Irs 401k Contribution Limits. 401(k) contribution limit for 2024. $19,500 in 2020 and 2021 and $19,000 in 2019), plus $7,500 in 2023;.
There are limits to how much employers and employees can contribute to a plan (or ira) each year. For 2024, the employee contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023.