401k Limits For 2024 Over Age 50. The irs limits how much employees and employers can contribute to a 401 (k) each year. The maximum amount you can contribute to a roth 401 (k) for 2024 is $23,000 if you're younger than age 50.

Here’s how the 401(k) plan limits will change in 2024: As of 2023, individual employees have a 401 (k) contribution limit of $22,500, allowing them to contribute this amount annually to their 401 (k) account on a.