401k 2024 Tax Year Limit Over 50. If you are 50 or older, your personal contribution limit is $30,500โthe catchup contribution remains at $1,000, same as last year. For 2024, the limit for 401 (k) plan contributions is $23,000, up from $22,500 last year, according to the irs.
The 2024 401 (k) individual contribution limit is $23,000, up from $22,500 in 2023. You can contribute to both a 401 (k) and an ira, as long as you keep your contributions to certain limits.
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