Maximum 401k Contribution 2024 Per Person 2024. The 2024 contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023. Learn how much you can save in each account, the income and deduction limits, and.

Now if the second person made only. Understanding 401(k) contribution limits is crucial for effective retirement planning because they dictate the maximum amount individuals can contribute annually to their 401(k) accounts.