01k Max Contribution 2024 And Ira. 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 increase. The total employee contribution limit to all 401 (k) and 403 (b) plans for those under 50 will be going up from $22,500 in 2023 to $23,000 in 2024 (compare that.

To that end, your contribution cannot exceed your taxable compensation for the year. The contribution limit for 401(k), 403(b), thrift savings plans and most 457 plans will be $23,000 in 2024, rising from $22,500 in 2023.