Will 401k Limits Increase In 2024. Employees can contribute up to $23,000 to their 401(k) plan for 2024 vs. However, easing inflation now means lower forecasts for 401(k).
Employees can invest more money into 401(k) plans in 2024, with contribution limits increasing from 2023โs $22,500 to $23,000 for 2024. The maximum amount a single person can contribute from their salary to their 401k plan is expected to increase almost $1000, which will make a total of $24,000.
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