Maximum 401 K Contributions 2024 Over 50

Maximum 401 K Contributions 2024 Over 50. For 2024, the 401 (k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older. The total contribution limit for both employee and employer contributions to 401(k) defined contribution plans under section 415(c)(1)(a) increased from $66,000 to $69,000.

The overall 401 (k) limits. 401 (k) contribution limits in 2023 and 2024.