Current 401k Contribution Limits 2024 Olympics. As of 2023, individual employees have a 401 (k) contribution limit of $22,500, allowing them to contribute this amount annually to their 401 (k) account on a. This is a $500 increase compared to the.
The 401 (k) contribution limit is the maximum amount an individual can contribute to their 401 (k) retirement account in a calendar year without facing tax. The 2024 401(k) contribution limit is $500 higher than this yearโs $22,500 max, which reflected a major increase from the 2022 limit of $20,500.