401k Max 2024 Limit 2024. The 2024 401(k) contribution limit is $500 higher than this year’s $22,500 max, which reflected a major increase from the 2022 limit of $20,500. The 401 (k) contribution limits for 2024 are $23,000 for individuals under 50, and $30,500 for those 50 and older.

That’s an increase from the 2023 limit of $330,000. The irs sets a maximum contribution limit for how much money employees can put into their 401 (k)s, as well as a limit for how much an employer and employee.