401k Limits 2024 After Tax Deductible

401k Limits 2024 After Tax Deductible. For 2023, the contribution limit is $22,500 and for 2024, the employee contribution limit is $23,000. For 2024, the 401 (k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older.

If you participate in a 401 (k) retirement savings plan at work, your personal contribution limit in 2024 is $23,000. For 2024, the 401 (k) limit for employee salary deferrals is $23,000, which is above the 2023 401 (k) limit of $22,500.