Maximum 401k Contribution 2024 Over 50. Key takeaways the irs sets the maximum that you and your employer can contribute to your 401(k) each year. These limits increase to $69,000 and $76,500, respectively, in 2024.

The 2024 401 (k) individual contribution limit is $23,000, up from $22,500 in 2023. This adjustment provides individuals with an opportunity to save more for.