Irs Limit For 401k 2024. The 2024 limit on 401 (k) contributions is $23,000, or $30,500 for people 50 and older. For 2024, the 401 (k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older.
Irs statements and announcements section 415 of the internal revenue code (code) provides for dollar limitations on benefits and contributions under qualified. This amount is up modestly from 2023, when the individual 401.