2024 Irs 401k Limits

2024 Irs 401k Limits. There are limits to how much employers and employees can contribute to a plan (or ira) each year. The 401(k) contribution limits for 2024 are $23,000 for individuals under 50, and $30,500 for those 50 and older.

That’s an increase from the 2023 limit of $330,000. The 401(k) contribution limits for 2024 are $23,000 for individuals under 50, and $30,500 for those 50 and older.