Irs Annual 401k Contribution Limit 2024. For 2024, the 401 (k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older. The limit on employer and employee contributions is $69,000.

The irs has announced the 2024 contribution limits for retirement savings accounts, including contribution limits for 401(k), 403(b), and 457(b) plans, as well as income limits. Those 50 and older can contribute an additional.