2024 Max 401k Contributions. The 401 (k) contribution limit is the maximum amount an individual can contribute to their 401 (k) retirement account in a calendar year without facing tax penalties. The 401(k) contribution limits for 2024 are $23,000 for individuals under 50, and $30,500 for those 50 and.


2024 Max 401k Contributions

401 (k) employee contribution limits increase in 2024 to $23,000 from $22,500 in 2023. Employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from 2023โ€™s $22,500 to $23,000 for 2024.

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