Maximum 401k Contribution 2024 Calculator 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. Please note that this calculator is only intended for sole proprietors (or llcs taxed as such).

The irs sets a limit on how much can be put into this plan every year, also known as an annual 401(k) contribution limit. This is in addition to the standard employee contribution limit, meaning that if you are 50 or older, you could.