2024 401k Limits And Catch Up Limits Over 50. Employees will be able to sock away more money into their 401 (k)s next year. This means that your total 401(k) contribution limit for 2024 is $30,500.
Individuals aged 50 and older are allowed to put more money into a 401(k) every year to help them make up for earlier. Employees will be able to sock away more money into their 401 (k)s next year.