Total 401k Contribution Limit 2024 Over 50. Employees age 50 or older may contribute up to an. Of note, the 2024 pretax limit that applies to elective deferrals to irc section 401(k), 403(b) and 457(b) plans increased from $22,500 to $23,000.

These limits increase to $69,000 and $76,500, respectively, in 2024. This is the same as it was in 2023.