Irs 401k Limits 2024 Catch Up Age. The contribution limit for simple 401(k)s is $16,000 (up to $19,500 if you're 50 or older). The 401(k) contribution limit for 2024 is $23,000 for employee contributions, and $69,000 for the combined employee and.

That means a total of $30,500.  — the irs allows you to contribute up to $275,000 for 2024.