401k Contributions 2024 Limits Over 55. For 2024, the 401 (k) limit for employee salary deferrals is $23,000, which is above the 2023 401 (k) limit of $22,500. The 401(k) contribution limit is $23,000.

For 2024, the 401(k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older. For 2024, the limit for 401 (k) plan contributions is $23,000, up from $22,500 last year, according to the irs.