2024 401 K Contribution Limit Over 50. The following table provides a detailed breakdown of the 401(k) contribution limits for 2023 and 2024, including pretax and roth employee contributions, combined. Employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from 2023’s $22,500 to $23,000 for 2024.

The irs has officially announced the 401k and ira contribution limits for the year 2024. The following table provides a detailed breakdown of the 401(k) contribution limits for 2023 and 2024, including pretax and roth employee contributions, combined.