2024 401 K Contribution Limit Over 50 . The 401(k) contribution limit for 2024 is $23,000. In 2023, this rises to $22,500.
Of note, the 2024 pretax limit that applies to elective deferrals to irc section 401 (k), 403 (b) and 457 (b) plans increased from $22,500 to $23,000. For 2024, the 401(k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older.
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