401k Limits 2024 Total Contribution

401k Limits 2024 Total Contribution. Past year limits are also posted on the irs website in a historical table. Here's how the 401 (k) plan limits will change in 2024:

For 2024, the 401 (k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older. The limit for both traditional and roth iras is $7,000 total from among all accounts, a $500 increase from the $6,500 limit in 2023.