401k Limit 2024 Combined With Salary. 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. Starting in 2024, employees can contribute up to $23,000 into their 401(k), 403(b), most 457 plans or the thrift savings plan for federal employees, the irs.

That’s because the irs has a higher combined limit for employee and employer contributions. The 401 (k) contribution limit is $23,000 in 2024.