2024 401k Limits And Matching Amount. As of 2024, the irs’s 401 (k) contribution limit has risen to $23,000. In 2024, the irs limits total 401 (k) contributions to $69,000 or 100% of the employee’s compensation, whichever is less.
Employer matches don’t count toward this limit and can be quite generous. The 2024 401 (k) contribution limit is $23,000, a $500 increase from 2023’s limit.