401k Max Contribution 2024 For People Over 50

401k Max Contribution 2024 For People Over 50. Maximum contribution limits for 401(k) plans are rising by $500 for many. Altogether, the most that can be contributed to your 401(k) plan between both you and your employer is $70,000 in 2025, up from $69,000 in 2024.

In 2024, you could make a maximum employee contribution of $23,000 (or $30,500. Of note, the 2024 pretax limit that applies to elective deferrals to irc section 401 (k), 403 (b).