Max 401k Contribution 2024 For 55 Year Old. Starting in 2024, employees can contribute up to $23,000 into their 401 (k), 403 (b), most 457 plans or the thrift savings plan for federal employees, the irs announced nov. Those 50 and older can contribute an additional $7,500.
What are the 401 (k) contribution limits for 2024? The 2024 401 (k) individual contribution limit is $23,000, up from $22,500 in 2023.