2024 Max 401k Contribution Limits Over 50. As of 2023, individual employees have a 401 (k) contribution limit of $22,500, allowing them to contribute this amount annually to their 401 (k) account on a. The irs limits how much employees and employers can contribute to a 401 (k) each year.
For 2024, the 401(k) annual contribution limit is $23,000, up from $22,500 in 2023. Of note, the 2024 pretax limit that applies to elective deferrals to irc section 401(k), 403(b) and 457(b) plans increased from $22,500 to $23,000.
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