401k Limits 2024 Irs. The internal revenue bulletin is the authoritative instrument of the commissioner of internal revenue for announcing official rulings and procedures of the. The 2024 limit on 401 (k) contributions is $23,000, or $30,500 for people 50 and older.

Employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from 2023’s $22,500 to $23,000 for 2024. 401(k) contribution limits for 2024.