Max 401k Contribution 2024 Over 50 Benefits. In 2023, the limits were $66,000, or $73,500 for people 50 and older. For 2024, the 401 (k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older.

The 2024 limit on 401(k) contributions is $23,000, or $30,500 for people 50 and older. The internal revenue service (irs) raised the annual contribution limits for 2024 to $23,000, which amounts to a cost of living adjustment and is an increase from.