401k Max 2024 After Tax Refund. If you participate in a 401 (k) retirement savings plan at work, your personal contribution limit in 2024 is $23,000. The 401 (a) compensation limit (the amount of earned income that can be used to calculate retirement account contributions) will increase from $330,000 in 2023.

Starting in 2024, employees can contribute up to $23,000 into their 401(k), 403(b), most 457 plans or the thrift savings plan for federal employees, the irs announced nov. If you max out your 401 (k), you can.