Maximum 401k Contribution 2024 Over 60. This amount is an increase of $500 from the 2023 401 (k). For 2024, the 401 (k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older.
The total employee contribution limit to all 401 (k) and 403 (b) plans for those under 50 will be going up from $22,500 in 2023 to $23,000 in 2024 (compare that. For those with a 401 (k), 403 (b), or 457 plan through an employer, your new maximum contribution limit will go up to $23,000 in 2024.
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