401k Max 2024 Contribution Over 50. The 401(k) contribution limit is $23,000. 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.
The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000. For 2024, you can contribute up to $7,000 to a roth or traditional ira.