401k 2024 Tax Year Limit Worksheet. In 2024, you can contribute up to $23,000 a year to a 401(k) plan. The 401 (k) 2024 employee contribution limit is $23,000, which is an increase of $500 from the previous year.

Employees could contribute up to $22,500 to their 401(k) retirement savings plans for tax year 2023. The internal revenue service (irs) raised the annual contribution limits for 2024 to $23,000, which amounts to a cost of living adjustment and is an increase from.