401k Contribution Limit 2024 Over 50. The 2024 401 (k) individual contribution limit is $23,000, up from $22,500 in 2023.  — thanks to some recent adjustments by the internal revenue service, your 401 (k) will get a bit better in 2024.

The 401 (k) employee contribution limit for 2024 is $23,000. 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.