401k Max Contribution 2024 And Ira 2024. The 401 (k) contribution limits for 2024 are $23,000 for individuals under 50, and $30,500 for those 50 and older. Contributions to 401 (k)s can be automatically deducted from your paycheck.

The irs sets a maximum contribution limit for how much money employees can put into their 401 (k)s, as well as a limit for how much an employer and employee can contribute. The 401 (k) contribution limits for 2024 are $23,000 for individuals under 50, and $30,500 for those 50 and older.