2024 Max 401k Contribution Catch Up 2024. This increase allows employees to set. Key takeaways the irs sets the maximum that you and your employer can contribute to your 401(k) each year.

For 2024, the limit for 401 (k) plan contributions is $23,000, up from $22,500 last year, according to the irs. In 2024, the maximum 401(k) contribution limit is $23,000 for people under the age of 50.