401k Contributions 2024 Limits In Tally Prime. In 2024, the contribution limit for 401k plans, including 403 (b) plans, and most 457 plans, will increase to $23,000. 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.
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. For 2024, the 401 (k) limit for employee salary deferrals is $23,000, which is above the 2023 401 (k) limit of $22,500.