401k Limits 2024 Over 50 Catch Up. For 2024, the employee contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023. In 2024, you’re able to contribute an additional $7,500 to a 401 (k) each year, so long as you’ve made your contributions by the end of the calendar year.

The irs has officially announced the 401k and ira contribution limits for the year 2024. 401 (k) accounts have far bigger contribution limits.