401k Contribution Limits 2024 Employer. Those 50 and older can contribute. If you contribute, say, $23,000 toward your 401(k) in 2024 and your employer adds $5,000, you’re still within the irs limits.

The contribution limit for simple 401 (k)s is $16,000 (up to $19,500 if you’re 50 or older). Get the latest 401(k) contribution limits for 2024.