Irs Limit 2024 401k. Those 50 and older can contribute. That's an increase from the 2023 limit of $330,000.

For 2024, the 401(k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older. The 2024 contribution limits for 401 (k), 403 (b), and most 457 plans have been raised, increasing by $500 the amount plan participants can contribute.