2024 40k Contribution Limit. The limit on total employer and employee contributions for 2023 was $66,000 ($73,500 with. 1, 2024 — the internal revenue service today announced disaster tax relief for all individuals and businesses affected by hurricane helene, including the.

Employees can invest more money into 401(k) plans in 2024, with contribution limits increasing from $22,500 in 2023 to $23,000 in 2024. For those with a 401(k), 403(b), or 457 plan through an employer, your new maximum contribution limit will go up to $23,000 in 2024.