What Is Irs 401 K Limit For 2024. Contribution limits tend to increase during years where inflation rates. Use our calculator to estimate your future balance.

For 2024, the 401(k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older. Starting in 2024, employees can contribute up to $23,000 into their 401(k), 403(b), most 457 plans or the thrift savings plan for federal employees, the irs.