401k Max Contribution 2024 Irs. 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. The irs sets 401(k) contribution limits and typically increases them by $500 annually.

On november 1, 2023, the internal revenue service announced that the amount individuals can contribute to their 401(k) plans in. Mary, age 49, whose annual compensation is $360,000 ($30,000 per.