401k Limits For 2024 Irs . For 2024, the 401 (k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older. The 2024 contribution limits for 401 (k), 403 (b), and most 457 plans have been raised, increasing by $500 the amount plan participants can contribute.
The basic employee contribution limit for 2024 is $23,000 ($22,500 for 2023). The 401 (k) contribution limits for 2024 are $23,000 for individuals under 50, and $30,500 for those 50 and older.
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