401k Contribution Limits 2024. Here's how the 401 (k) plan limits will change in 2024: Contributions to 401 (k)s can be automatically deducted from your paycheck.
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.