Limit For 401 K In 2024. The 2024 limit on 401(k) contributions is $23,000, or $30,500 for people 50 and older. For 2024, the 401 (k) limit for employee salary deferrals is $23,000, which is above the 2023 401 (k) limit of $22,500.
For 2024, the contribution limits for 401 (k) plans have been increased. Contributions to 401 (k)s can be automatically deducted from your.