401 K Plan Contribution Limits 2024. Find out the irs limit on how much you and your employer can contribute to your 401(k) retirement savings account in 2023 and 2024. The contribution limit for 401(k)s, 403(b)s, most 457 plans and the federal government's thrift savings plan is $23,000 for 2024, up from $22,500 in 2023.

If you’re 50 or older, the limit is $8,000. For 2024, the 401 (k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older.