2024 401k Contribution Limit Irs. Employees will be able to sock away more money into their 401 (k)s next year. For 2024, the 401 (k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older.
There are limits to how much employers and employees can contribute to a plan (or ira) each year. The irs limits how much employees and employers can contribute to a 401 (k) each year.