Contribution Limit 401k 2024. Those 50 and older can contribute an additional. The internal revenue service (irs) raised the annual contribution limits for 2024 to $23,000, which amounts to a cost of living adjustment and is an increase from.

The overall 401 (k) limits. If you’re 50 or older, you can stash an additional $7,500 in your 401 (k).