401k Limits 2024 After Taxes Over 50. For 2024, the 401(k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older. You can contribute a maximum of $7,000 (up from $6,500 for 2023).
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 in 2024.