401k 2024 Contribution Limit Irs Over 50. Contributions to 401 (k)s can be automatically deducted from your paycheck. 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 for ira contribution deductibility.
The 2024 401(k) individual contribution limit is $23,000, up from $22,500 in 2023. This amount is up modestly from 2023, when the individual 401 (k) contribution.
