Irs 2024 401k Contribution Limits 2024. The basic employee contribution limit for 2024 is $23,000 ($22,500 for 2023). Employees 50 or older can contribute up to $30,500 with.

The 401 (k) 2024 employee contribution limit is $23,000, which is an increase of $500 from the previous year. 401 (k), 403 (b) and 457 elective deferral limit: