401k 2024 Tax Year Limit 2024 . That is $500 more than you were allowed to contribute in 2023. For 2024, the 401 (k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older.
The 2024 401(k) contribution limit is $500 higher than this year’s $22,500 max, which reflected a major increase from the 2022 limit of $20,500. You can contribute a maximum of $7,000 (up from $6,500 for 2023).
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