Allx Nikoletta

Total 401k Contribution Limit 2024 Over 50. The irs limits how much employees and employers can contribute to a 401 (k) each year. If you participate in a 401 (k) retirement savings plan at work, your personal contribution limit in 2024 is $23,000.

The total maximum allowable contribution to a defined contribution plan (including both employee and employer contributions) is expected. This dollar amount is the same as in 2023.