Irs Annual 401k Contribution Limit 2024. Employees age 50 or older may contribute up to an additional $7,500. 401(k) contribution limit for 2024.
The irs has announced the 2024 contribution limits for retirement savings accounts, including contribution limits for 401(k), 403(b), and 457(b) plans, as well as income limits. Employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from 2023โs $22,500 to $23,000 for 2024.