2024 401k Contribution Maximum Salary. The overall 401 (k) limits. Employees can invest more money into 401(k) plans in 2024, with contribution limits increasing from 2023’s $22,500 to $23,000 for 2024.

The income limits for the saver’s credit will increase to $38,250 for individuals and. For 2024, the 401(k) limit for employee salary deferrals is $23,000, which is above the 2023 401(k) limit of $22,500.