401k 2024 Tax Year Limits Over 50. The 401 (k) contribution limit for individuals has been increased to $23,000 for 2024. If you participate in a 401 (k) retirement savings plan at work, your personal contribution limit in 2024 is $23,000.
What is the 401 (k) contribution limit in 2024? On november 1, 2023, the internal revenue service announced that the amount individuals can contribute to their 401(k).