401k Max 2024 . For 2024, the 401 (k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older. In 2024, the irs limits total 401 (k) contributions to $69,000 or 100% of the employee’s compensation, whichever is less.
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 for simple 401 (k)s is $16,000 (up to $19,500 if you’re 50 or older).
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