401 K Contribution Limits 2024 Over 50. Employees can invest more money into 401(k) plans in 2024, with contribution limits increasing from 2023โs $22,500 to $23,000 for 2024. If you are 50 years old or older, you can also contribute up to $7,500 in.
The irs limits how much employees and employers can contribute to a 401 (k) each year. For those with a 401(k), 403(b), or 457 plan through an employer, your new maximum contribution limit will go up to.