Marla Philippine

2024 401k Contribution Limits Chart. The contribution limit for simple 401 (k)s is $16,000 (up to $19,500 if you're 50 or older). 401 (k) contribution limits in 2023 and 2024.

On november 1, 2023, the internal revenue service announced that the amount individuals can contribute to their 401(k). 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.