401k Limit 2024 50 000 . Employees 50 and older can contribute an additional $7,500 in both. In 2024, the maximum 401(k) contribution limit is $23,000 for people under the age of 50.
This number only includes personal contributions โ. In 2023, this rises to $22,500.
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Total 401k Contribution Limit 2024 Over 55 Nell Darlleen , 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.
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