2024 401k Contribution Limit 50 Year Old. The limit on annual contributions to an ira remains $7,000. The total contribution limit, including employer.

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. The 401(k) contribution limit for 2025 is $23,500, up from $23,000 in 2024.