What Is The Max 401k Contribution For 2024 Over 50. This means that your total 401(k) contribution limit for 2024 is $30,500. Of note, the 2024 pretax limit that applies to elective deferrals to irc section 401(k), 403(b) and 457(b) plans increased from $22,500 to $23,000.
The contribution limits for individual retirement accounts (iras) also increases from $6,500 to $7,000. Savers will be able to contribute as much as $23,000 in 2024 to a 401(k), up from $22,500 in 2023, an increase of $500 from 2023.