2024 401k Limits Contribution Over 50 . For 2024, the 401 (k) annual contribution limit is $23,000, up from $22,500 in 2023. In 2023, this rises to $22,500.
The limit for employee contributions to a 401 (k) in 2024 is $23,000 for those under 50. 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.
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