401k Contribution Limits 2024 Catch Up Total Income. The 2024 contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023. 401k contribution limits for 2024 are $23,000 per person, up from 22,500 in 2023.

For 2024, the total amount of income you may contribute to a 401(k) is $23,000. The update forecasts a $1,000 boost to this year’s 401 (k) elective deferral limit of $23,000, which would bring the 2025 limit to $24,000.