2024 Irs 401 K Contribution Limits Over 50.  — the basic employee contribution limit for 2024 is $23,000 ($22,500 for 2023).  — the irs has just announced the new contribution and benefit limits for 2024 and—reflecting the moderating inflation readings, the increases are modest.

In 2022, the most you can contribute to a roth 401(k) and contribute in pretax contributions to a traditional 401(k) is $20,500. The limit for employee contributions to a 401 (k) in 2024 is $23,000 for those under 50.