401k 2024 Tax Year Limit Over 50. 401 (k) contribution limits for 2024. The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000.

That means a total of $30,500 can be contributed as an employee of. Employees can contribute up to $23,000 to their 401(k) plan for 2024 vs.