Blair Chiarra

Current 401k Contribution Limits 2024. This amount is up modestly from 2023, when the individual 401 (k) contribution limit. Workers who contribute to a 401 (k), 403 (b), most 457 plans and the federal government’s thrift savings plan can contribute up to $23,000 in 2024, a $500.

This is a $500 increase compared to the 2023 limit, so plan participants can save even more for their retirement. One factor to consider when contributing to a 401k savings plan is the contribution limit (the maximum amount of money you can put in your 401k for a given year) set by the irs.