401k 2024 Tax Year Limitations. 401 (k) contribution limits for 2024. The total overall 401 (k) contribution limit for 2024, which includes employer matching contributions and nonelective contributions, is $69,000.

This amount is up modestly from 2023, when the individual 401 (k) contribution. Of note, the 2024 pretax limit that applies to elective deferrals to irc section 401 (k), 403 (b) and 457 (b) plans increased from $22,500 to $23,000.