401k Contribution Limits 2024. 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.
$7,000 for people aged 49 and under $8,000 for people aged 50 and over (the extra $1,000 is known as a catchup. Learn about the 2024 limits and other upcoming 401(k) changes.