Irs Contribution Limits 401k 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. Total 401(k) plan contributions by an employee and an employer cannot exceed $69,500 in 2025.
401(k) contribution limits in 2024 and 2025. If you exceed your 401(k) contribution in a calendar year, the irs may impose a 6% penalty for each year your.