Irs Contribution Limits 401k 2024. The irs this week announced it was raising the 401 (k) contribution limit to $23,000, up from $22,500 currently. For 2024, the 401 (k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older.

For those with a 401 (k), 403 (b), or 457 plan through an employer, your new maximum contribution limit will go up to $23,000 in 2024. This amount is an increase of.