401k Contribution Limits 2024 Catch Up Totally. The 401 (k) contribution limit for 2024 is $23,000 for employee contributions, and $69,000 for the combined employee and employer contributions. The contribution limit for simple 401 (k)s is $16,000 (up to $19,500 if you're 50 or older).
The contribution limits for individual. If you are 50 or older, you can defer paying income tax on $30,000 in your 401 (k) plan.
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