2024 401k Contribution. For 2024, the 401 (k) limit for employee salary deferrals is $23,000, which is above the 2023 401 (k) limit of $22,500. In 2024, the 401 (k) contribution limit for participants is increasing to $23,000, up from $22,500 in 2023.
This means that your total 401(k) contribution limit for 2024 is $30,500. Although the official announcement hasn’t been made yet, many analysts predict that the 2024 401 (k) contribution limit will jump $500 to $23,000, from the $22,500 limit in.