401k Max Contribution 2024 Over 50. Key takeaways the irs sets the maximum that you and your employer can contribute to your 401(k) each year. If you're 50 or older, the limit is $8,000.
Deferred compensation limits for workers ages 50 and older. The 401k contribution limits for the year 2025 are expected to see many increases in different plans including elective deferral limit to $24,000, defined.