What Is Irs 401 K Limit For 2024. The 401 (k) contribution limit for 2024 is $23,000. The internal revenue service (irs) has announced that contribution limits for 401 (k)s, 403 (b)s, most 457 plans, thrift savings.

Beginning in 2024, workers will be allowed to contribute up to $23,000 to their 401 (k), an increase of $500 from this year. The dollar limitations for retirement plans and certain other dollar limitations.