2024 401k Limits Contribution Over 50. 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. This means that your total 401(k) contribution limit for 2024 is.

As of 2023, individual employees have a 401 (k) contribution limit of $22,500, allowing them to contribute this amount annually to their 401 (k) account on a. For 2024, the 401 (k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older.