Irs 401k Contribution Limits 2024. The irs this week announced it was raising the 401(k) contribution limit to $23,000, up from $22,500 currently. On november 1, 2023, the internal revenue service announced that the amount individuals can contribute to their 401(k) plans in.
In 2024, employers and employees together can contribute. In 2025, you can contribute up to $23,500 to your 401 (k) at work, or up to $31,000 if you’re 50 or older.