401 K Limits 2024. A 5.4% bump in the standard deduction and a boost to 401(k) contribution limits are among the tweaks to account for inflation. In 2024, the 401(k) contribution limit for participants is increasing to.
For 2024, the 401(k) limit for employee salary deferrals is $23,000, which is above the 2023 401(k) limit of $22,500. 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.