401k Contribution Limits 2024 Catch Up Total Cost. According to a statement issued by the irs, starting in 2024, employees can contribute up to $23,000 into their 401 (k), 403 (b), most The 401 (k) contribution limits for 2024 are $23,000 for individuals under 50, and $30,500 for those 50 and older.
This means that individuals aged 50 and older can contribute a total of $30,500 to their 401 (k), 403 (b), 457, or tsp accounts in 2024. So, those aged 50 or over can contribute a total of $30,500 to their 401 (k) during 2024.
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