401k Contribution Limits 2024 After Tax Contribution

401k Contribution Limits 2024 After Tax Contribution. Older workers can defer paying income tax on as much as $30,500 in a 401(k) plan in 2023. For 2024, the contribution limit increases again to $23,000.

The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000. For 2024, the 401 (k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older.