What Is The 401k Limit For 2024. The contribution limit for simple 401 (k)s is $16,000 (up to $19,500 if you’re 50 or older). In addition, the income limits to claim the.

This marks a $500 increase from the 2023 limit of $22,500. In 2024, the contribution limit for a roth 401(k) is $23,000, plus an additional contribution of $7,500 if you are age 50 or older.