Irs 401k Contribution Limits 2024 Over 50. For 2024, the 401 (k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older. With a solo 401 (k), you can contribute up to $69,000 for 2024 (up from $66,000 in 2023) or 25% of your.

The contribution limits are adjusted for inflation every year by the irs. In general, it offers more investment options than a 401 (k), but contribution limits are much lower.