Limits For 401k Contributions 2024 Over 50. Employees age 50 or older may contribute up to an additional $7,500.  — as of 2023, individual employees have a 401 (k) contribution limit of $22,500, allowing them to contribute this amount annually to their 401 (k) account on a.

Next year, savers will have a chance to. 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.