401k Contribution Limits 2024 Catch Up Total. Key takeaways the irs sets the maximum that you and your employer can contribute to your 401(k) each year. So people 50 and older can invest $30,500.
In 2024, employers and employees together can contribute up to $69,000, up from a limit of $66,000 in 2023. Total 401 (k) plan contributions by an employee and an employer cannot exceed $69,000 in 2024.