Ulla Jenilee

2024 Max 401k Contribution 50 Year Olds Over 50. Savers will be able to contribute as much as $23,000 in 2024 to a 401(k), up from $22,500 in 2023, an increase of $500 from 2023. The 401(k) contribution limit for 2024 is $23,000 for employee contributions, and $69,000 for the combined employee and employer contributions.

The irs limits how much employees and employers can contribute to a 401 (k) each year. The 401 (k) compensation limit.