New 401 K Contribution Limits 2024
New 401 K Contribution Limits 2024. The 401(k) contribution limit is $23,000. As a result, the total allowable contribution for someone 50 or older is $30,500 in 2024. This amount is up modestly from 2023, when the individual 401. As a result, the total allowable contribution for someone 50 or older is $30,500 in 2024.