401k Contribution 2024 Limit Over 50. For 2024, the limit for 401(k) plan contributions is $23,000, up from $22,500 last year, according to the irs. The 401(k) contribution limit for 2024 is $23,000.

This dollar amount is the same as in 2023. For example, if you pay $3,000 toward your student loan for the year and your employer has a 401(k) match of 50%, they could kick in $1,500 (or 50% of $3,000) to your.