Irs 401k Limit 2024 Over 50. This amount is up modestly from 2023, when the individual 401 (k) contribution limit. For 2024, the 401 (k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older.
The contribution limits for individual retirement accounts (iras) also increases from $6,500 to $7,000. That means a total of $30,500 can be contributed as an employee of a.
