What Is Max 401k Contribution 2024 Over 50. This amount is up modestly from 2023, when the individual 401(k) contribution limit was. 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.
For 2024, the 401(k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older. The basic employee contribution limit for 2024 is $23,000 ($22,500 for 2023).
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