401k Max 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. Employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from 2023โs $22,500 to $23,000 for 2024.
Key takeaways the irs sets the maximum that you and your employer can contribute to your 401(k) each year. The contribution limits for individual retirement accounts (iras).