2024 401k Maximum Contribution Limits Irs. This amount is up modestly from 2023, when the individual 401 (k) contribution limit was. For 2024, the 401 (k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older.
This is always 5x the maximum 401 (k) plan total contribution limit. The irs has announced the 2024 contribution limits for retirement savings accounts, including contribution limits for 401(k), 403(b), and 457(b) plans, as well as income limits.