401k Limit For 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.
This means that your total 401 (k) contribution limit for 2024 is. Of note, the 2024 pretax limit that applies to elective deferrals to irc section 401(k), 403(b) and 457(b) plans increased from $22,500 to $23,000.