2024 Irs 401 K Contribution Limits Over 50. Key takeaways the irs sets the maximum that you and your employer can contribute to your 401(k) each year. You can contribute a maximum of $7,000 (up from $6,500 for 2023).
The irs this week announced it was raising the 401 (k) contribution limit to $23,000, up from $22,500 currently. 93.7% percentage of 401 (k) plans that had a roth option in q2 2024, according.