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Current 401k Contribution Limits 2024. What are the tax benefits of a 401k plan? 401k 2024 contribution limit chart 2024 vevay julissa, for. This amount is up modestly from 2023, when the individual 401. The internal revenue service (irs) raised the annual contribution limits for 2024 to $23,000, which amounts to a cost of living adjustment and is an increase from.