Max 401k Contribution 2024 Over 50 Catch Up. Let’s say you happened to turn 50 on. Key takeaways the irs sets the maximum that you and your employer can contribute to your 401(k) each year.

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. Employees can contribute up to $23,000 to their 401(k) plan for 2024 vs.