Did 401k Limits Change In 2024. 401 (k) contribution limits are projected to rise in 2024 โ here are 3 easy ways to plan ahead and charge up your retirement savings. The 2024 401(k) individual contribution limit is $23,000, up from $22,500 in 2023.
On november 1, 2023, the internal revenue service announced that the amount individuals can contribute to their 401 (k) plans. 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.
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