401k 2024 Limits Increase Over Time. More people will be able to make contributions to roth. The 401 (k) contribution limit is the maximum amount an individual can contribute to their 401 (k) retirement account in a calendar year without facing tax.

The 401 (k) contribution limits for 2024 are $23,000 for individuals under 50, and $30,500 for those 50 and older. The irs increased 2024 contribution limits for 401 (k)s, 403 (b)s, and iras.