401k Maximum Contribution 2024. The basic employee contribution limit for 2024 is $23,000 ($22,500 for 2023). 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 2023โs $22,500 to $23,000 for 2024. The basic employee contribution limit for 2024 is $23,000 ($22,500 for 2023).