Ibbie Teressa

401k Contribution Limits 2024 Irs. For 2024, the 401 (k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older. In 2023, this rises to $22,500.

For 2024, the 401(k) annual contribution limit is $23,000, up from $22,500 in 2023. The contribution limit for simple 401 (k)s is $16,000 (up to $19,500 if you’re 50 or older).