2024 401k Max Over 50. The 401(k) contribution limit for 2024 is $23,000. For 2024, the 401(k) limit for employee salary deferrals is $23,000, which is above the 2023 401(k) limit of $22,500.
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. Find out the irs limit on how much you and your employer can contribute to your 401(k) retirement savings account in 2023 and 2024.