What Is The 401k Contribution Limit For 2024 Over 55. The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000. For 2024, the 401 (k) limit for employee salary deferrals is $23,000, which is above the 2023 401 (k) limit of $22,500.

The irs has officially announced the 401k and ira contribution limits for the year 2024. 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.