2024 Irs 401 K Contribution Limits Catch Up. So people 50 and older can invest $30,500. The 401 (k) compensation limit is $345,000.

$19,500 in 2020 and 2021 and $19,000 in 2019), plus $7,500 in 2023; As of 2023, individual employees have a 401 (k) contribution limit of $22,500, allowing them to contribute this amount annually to their 401 (k) account on a.