What Is The 401k Limit For 2024. The 401 (k) contribution limits for 2024 are $23,000 for individuals under 50, and $30,500 for those 50 and older. Learn how income limits affect your 401 (k) contributions and employer match in 2023 and 2024.

The irs increased the limits by $500 for both. Retirement savers are eligible to put $500 more in a 401 (k) plan in 2024: