After Tax 401k Contribution Limit 2024. For 2024, the 401 (k) limit for employee salary deferrals is $23,000, which is above the 2023 401 (k) limit of $22,500. Your annual contribution is capped at $23,000 in 2024.

For the 2023 tax year, the maximum contribution to a traditional or roth ira is the lesser of (a) your taxable compensation for 2023, or (b) $6,500 (or $7,500 if you are age 50 or. Your annual contribution is capped at $23,000 in 2024.