401k Annual Limit 2024 Over 50

401k Annual Limit 2024 Over 50. For 2025, the 401(k) limit for employee salary deferrals is $23,500, which is above the 2024 401(k) limit of $23,000. For 2024, the limit for 401 (k) plan contributions is $23,000, up from $22,500 last year, according to the irs.

This means that your total 401(k) contribution limit for 2024 is $30,500. Find out the irs limit on how much you and your employer can contribute to your 401(k) retirement savings account in 2023 and 2024.