401k 2024 Tax Year Limitation. The 2024 401(k) contribution limit is $500 higher than this year’s $22,500 max, which reflected a major increase from the 2022 limit of $20,500. Employees could contribute up to $22,500 to their 401(k) retirement savings plans for tax year 2023.
For tax year 2024, employees can contribute up to $23,000. You can take advantage of the higher.