Limit On 401k Contributions 2024 Over 50. The 401 (k) contribution limit is $23,000 in 2024. Employers can only use the first $345,000 of compensation to determine your 401(k).
More people will be able to make contributions to roth. Savers will be able to contribute as much as $23,000 in 2024 to a 401 (k), up from $22,500 in 2023, an increase of $500 from 2023.