2024 401k Contribution Maximum Income

2024 401k Contribution Maximum Income. For 401(k) plans, the maximum annual contribution was raised to. This amount is an increase of.

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. The 401(k) contribution limit for 2024 is $23,000 for employee contributions, and $69,000 for the combined employee and employer contributions.