2024 401k Contribution Limit Over 50 . — the 2024 contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023. — the 401(k) contribution limit for 2024 is $23,000.
— savers will be able to contribute as much as $23,000 in 2024 to a 401 (k), up from $22,500 in 2023, an increase of $500 from 2023. — the contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000.
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401k Contribution Limits 2024 Over 50 Karie Marleen , Your ira contribution is capped at the lesser of 100% of your eligible compensation for the year and the contribution limit.