2024 Maximum 401k Contribution Amount Uk.  — after rising substantially from $20,500 in 2022 to $22,500 for 2023, mercer projects the annual cap to go up just $500 in 2024. Contributions to 401 (k)s can be automatically deducted from your paycheck.

 — the internal revenue service sets the maximum amount you and your employer can contribute to your 401(k), and that number increases in 2024.  — the 401 (k) contribution limit for 2024 is $23,000 for employee contributions, and $69,000 for the combined employee and employer contributions.