401k Limits 2024 Table 2024. On november 1, 2023, the internal revenue service announced that the amount individuals can contribute to their 401 (k) plans in 2024 has increased to $23,000, up from $22,500 for 2023. 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.

For 2024, the contribution limits for 401(k) plans have been increased. The contribution limits for individual retirement accounts (iras) also increases from $6,500 to $7,000.