401k 2024 Contribution Limit Irs Over 50. For 2024, the 401 (k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older. The 401 (k) contribution limit for 2024 is $23,000.

The ira catch‑up contribution limit for individuals aged 50 and older remains at $7,500 for 2024. The limit on total employer and employee contributions for 2024 is $69,000 ($76,500.