401k Limit 2024 Combined Contribution. Total 401 (k) plan contributions by an employee and an employer cannot exceed $69,000 in 2024. The 401 (k) contribution limit for 2024 is $23,000.
If you have a 401 (k) or similar retirement plan at work, your eligibility to contribute to an ira and take a tax deduction depends on your income and which type of ira you’d like to. Learn about the 2024 limits and other upcoming 401 (k) changes.