401k Max 2024 Contributions Over 50. Those 50 and older will be able to. 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.

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. So if you’re under 50 and you contribute the maximum $23,000 to your 401(k) in 2024, your employer is able to contribute a maximum of $46,000 on your behalf.