2024 401k Contribution Limits Irs. 401(k) contribution limits for 2024. On november 1, 2023, the internal revenue service announced that the amount individuals can contribute to their 401(k).
For 2024, the 401(k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older. The 401 (k) 2024 employee contribution limit is $23,000, which is an increase of $500 from the previous year.