2024 401k Contribution Limit 50 500k. The 401 (k) contribution limit for 2024 is $23,000. If you’re over the age of 50, you can contribute an additional $7,500.

Key takeaways the irs sets the maximum that you and your employer can contribute to your 401(k) each year. The 2024 contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023.