401k Contribution Limits 2024 50 And Older

401k Contribution Limits 2024 50 And Older. The 401 (k) individual contribution limit in 2024 is $23,000 ($30,500 in individual contributions if you are 50 or older). The 2024 401 (k) contribution limit is $23,000, a $500 increase from 2023’s limit.

If you’re 50 or older, you can stash an additional $7,500 in your 401 (k). For 2024, the 401(k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older.