401k Contributions 2024 Maximum Amount . The 401 (k) contribution limit is the maximum amount an individual can contribute to their 401 (k) retirement account in a calendar year without facing tax. 401 (k) contribution limits in 2023 and 2024.
For 2023, the maximum contribution is $6,500 per year, increasing to $7,000 for 2024. Total 401 (k) plan contributions by an employee and an employer cannot exceed $69,000 in 2024.
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