401k Contribution 2024. Those 50 and older can contribute an additional. Find out the irs limit on how much you and your employer can contribute to your 401 (k) retirement savings account in 2023 and 2024.

For 2024, the 401 (k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older. Most people don’t max out their 401 (k).