Tandy Florence

401k Contribution Limits 2024 Irs. The contribution limit for simple 401 (k)s is $16,000 (up to $19,500 if you're 50 or older). 401 (k) pretax limit increases to $23,000.

Employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from 2023’s $22,500 to $23,000 for 2024. The plan must specifically state that contributions or benefits.