2024 401k Contribution Limits 2024 Date. The 401 (k) contribution limit for 2024 is $23,000 for employee contributions, and $69,000 for the combined employee and employer contributions. The irs just announced contribution limits for qualified retirement plans for 2024.
By exceeding your 401 (k) contribution limits for 2024, you’re essentially underpaying your income taxes. For 2025, the elective deferral limit is estimated to be $24,000.