Max 401k Contribution 2024 Including Employee Contribution. 401 (k) contribution limits in 2023 and 2024. The 2023 personal contribution limit has one level for employees under 50 and another for workers 50 and older.

For 2024, the 401 (k) limit for employee salary deferrals is $23,000, which is above the 2023 401 (k) limit of $22,500. The basic employee contribution limit for 2024 is $23,000 ($22,500 for 2023).