Maximum 401k Contribution 2024 Over 60. In 2024, employers and employees together can contribute. Key takeaways the irs sets the maximum that you and your employer can contribute to your 401(k) each year.

This means that your total 401 (k) contribution limit for 2024 is $30,500.  — the internal revenue service sets the maximum amount you and your employer can contribute to your 401 (k), and that number increases in 2024.