2024 401k Contribution Limit Irs

2024 401k Contribution Limit Irs. The 401 (k) contribution limit for 2024 is $23,000. $19,500 in 2020 and 2021 and $19,000 in 2019), plus $7,500 in 2023;.

In 2024, the contribution limit for a roth 401 (k) is $23,000, plus an additional contribution of $7,500 if you are age 50 or older. The 401 (k) contribution limits for 2024 are $23,000 for individuals under 50, and $30,500 for those 50 and older.