Irs 401k 2024 Maximum Limit. For the tax year 2024, the maximum amount that an employee can contribute to their 401(k) retirement plan is $23,000. For 2024, the irs limits the amount of compensation eligible for 401(k) contributions to $345,000.
As of 2023, individual employees have a 401 (k) contribution limit of $22,500, allowing them to contribute this amount annually to their 401 (k) account on a. 401 (k) contribution limits for 2024.