2024 401k Limits Contribution 2024. Those 50 and older can contribute an additional. The internal revenue service announced that the maximum amount individuals can contribute to their 401(k) or similar plans in 2025 will increase to $23,500, up from $23,000 for.
For the 2024 tax year, the ira contribution cap for people under age 50 is $7,000. The 401 (k) 2024 employee contribution limit is.