401k 2024 Contribution Limit Chart Over 50. The overall 401(k) limits for employee and employer. 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.

The limit on annual contributions to an ira increased to $7,000, up from $6,500. For 2024, the 401 (k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older.