401k Limit 2024 After Tax Return. Employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from 2023โs $22,500 to $23,000 for 2024. You can contribute a maximum of $7,000 (up from $6,500 for 2023).
You can only deduct $7,000 in ira contributions for the 2024 tax year. For tax year 2024, employees can contribute up to $23,000.
