Max 401k Contribution For 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. For 2024, the 401 (k) limit for employee salary deferrals is $23,000, which is above the 2023 401 (k) limit of $22,500.

Key takeaways the irs sets the maximum that you and your employer can contribute to your 401(k) each year. You can contribute to more than one 401 (k) plan.