Max 401k 2024 Catch Up Over 50

Max 401k 2024 Catch Up Over 50. This amount is up modestly from 2023, when the individual 401. The overall 401(k) limits for employee and employer contributions is $69,000, or $76,500 for workers 50 and up.

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