401k 2024 Limits Increase . If you're age 50 or. The contribution limit for simple 401 (k)s is $16,000 (up to $19,500 if you're 50 or older).
The 2024 401(k) contribution limit is $500 higher than this year’s $22,500 max, which reflected a major increase from the 2022 limit of $20,500. Beginning in 2024, workers will be allowed to contribute up to $23,000 to their 401 (k), an increase of $500 from this year.
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