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What Is The Maximum 401 Contribution 2024. 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. The 401(k) contribution limit for 2024 is $23,000.

Understanding 401(k) contribution limits is crucial for effective retirement planning because they dictate the maximum amount individuals can contribute annually. The 401(k) contribution limit for 2024 is $23,000.