Will 401k Limits Increase In 2024. This year the irs announced there will be an increase to the maximum employee 401 (k) contribution limit for 2024, increasing it to $23,000, a $500 increase. Contribution limits for 401 (k), 403 (b), and most 457 plans, as well as the federal government's thrift savings plan will also increase by $500 for 2024.

Workers 50 or older in 2024 can. In the new year, you’ll be able to contribute up to $23,000 to 401 (k), 403 (b), and most 457 plans,.