401k 2024 Tax Year Limit Irs. In 2024, employers and employees together can contribute. The 401 (k) contribution limit for 2024 is $23,000 for employee contributions, and $69,000 for the combined employee and employer contributions.
Most people don’t max out their 401(k). By realizing losses in a given tax year, investors can offset gains from other investments, reducing their tax bracket and subsequent tax liabilities.