401k Limits 2024 Employer Tax. Key takeaways the irs sets the maximum that you and your employer can contribute to your 401(k) each year. 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.

The irs allows a total of up to $69,000 of employer and employee contributions to be saved in a 401 (k) for 2024 (and an additional $7,500 in employee. The 401 (k) contribution limit for 2024 is $23,000.