2024 401k Limits Over 55

2024 401k Limits Over 55. In 2022, the most you can contribute to a roth 401(k) and contribute in pretax contributions to a traditional 401(k) is $20,500. This year the irs announced there will be an increase to the maximum employee 401 (k) contribution limit for 2024, increasing it to $23,000, a $500 increase from the 2023 tax.

For 2024, the 401(k) annual contribution limit is $23,000, up from $22,500 in 2023. Here’s how the 401(k) plan limits will change in 2024: