401 K Limits 2024. The 2024 401 (k) contribution limit is $23,000, a $500 increase from 2023โs limit. The 401(k) contribution limit is $23,000.
The 401 (k) contribution limits for 2024 are $23,000 for individuals under 50, and $30,500 for those 50 and older. As of 2023, individual employees have a 401 (k) contribution limit of $22,500, allowing them to contribute this amount annually to their 401 (k) account on a.