401k Limits 2024 Over 50 . For 2024, the 401 (k) annual contribution limit is $23,000, up from $22,500 in 2023. 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.
For example, the company may provide 50 cents for every $1 you save, up to 6% of your annual salary. In 2023, the limits were $66,000, or $73,500 for people 50 and older.
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