2024 401k Max Contribution Limits Over 50. The irs also imposes a limit on all 401 (k) contributions made during the year. The irs sets the maximum that you and your employer can contribute to your 401 (k) each year.
The irs also imposes a limit on all 401 (k) contributions made during the year. The 2024 contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023.