2024 401k Contribution Limits 2024 Pdf. Learn how new contribution and exemption limits can help further reduce your taxes. For 2024, employees can defer up to $23,000 into 401(k) plans, up from $22,500 in 2023, with an extra $7,500 for workers age 50 and older.

For 2024, almost all the annual retirement plan contribution limits have increased from their 2023 levels. For 2024, employees can defer up to $23,000 into 401(k) plans, up from $22,500 in 2023, with an extra $7,500 for workers age 50 and older.