Jenna Miofmela

401k Max 2024 Contribution Over 50. In 2024, employers and employees together can contribute. If you are 50 or older, you can place an additional $7,500 in the account for a total.

For those with a 401(k), 403(b), or 457 plan through an employer, your new maximum contribution limit will go up to. 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.