Max 401k Contributions 2024 Over 55. For 2024, the 401 (k) limit for employee salary deferrals is $23,000, which is above the 2023 401 (k) limit of $22,500. The irs increased 2024 contribution limits for 401 (k)s, 403 (b)s, and iras.
This year the irs announced there will be an increase to the maximum employee 401 (k) contribution limit for 2024, increasing it to $23,000, a $500 increase. This is again up from $66,000 in 2023.
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