2024 Max 401k Employee Contribution Amount. Learn how much you can contribute to your 401 (k) retirement account in 2023 and 2024, and how to maximize your savings with employer matching and tax. The contribution limit for 401 (k)s, 403 (b)s, most 457 plans and the federal government's thrift savings plan is $23,000 for 2024, up from $22,500 in 2023.

Learn how the irs sets 401k contribution limits each year and how they change in 2024. For 2024, the compensation limit (which is the amount of your income that’s used to figure out 401(k) contributions and matches) is limited to $345,000.