Irs 401k Contribution Limits 2024 Over 50. The irs this week announced it was raising the 401 (k) contribution limit to $23,000, up from $22,500 currently. Past year limits are also posted on the irs website in a historical table.

Employees can contribute up to $23,000 to their 401 (k) plan for 2024 vs. Starting in 2024, employees can contribute up to $23,000 into their 401 (k), 403 (b), most 457 plans or the thrift savings plan for federal employees, the irs announced nov.