What Is The Max 401k Deduction For 2024. For 2023, the contribution limit is $22,500 and for 2024, the employee contribution limit is $23,000. In 2022, the most you can contribute to a roth 401(k) and contribute in pretax contributions to a traditional 401(k) is $20,500.
In 2024, the irs has increased the standard employee contribution. Starting in 2024, employees can contribute up to $23,000 into their 401(k), 403(b), most 457 plans or the thrift savings plan for federal employees, the irs.
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