Viola Jessamyn

401k 2024 Total Contribution Limit Irs. For 2024, the maximum 401 (k) contribution limit is $23,000 for individuals under the age of 50. Money you put into your 401k before taxes are taken out, in line with the limit on total contributions and catch‑up contribution limit for individuals 50 and older in 2024.

This amount is an increase of $500 from the 2023 401 (k). There are limits to how much employers and employees can contribute to a plan (or ira) each year.