Maximum 401k Contribution 2024 Over 60

Maximum 401k Contribution 2024 Over 60. The maximum 401k contribution limit for 2024 increases to $23,000, up from $22,500 in 2023, up from $20,500 in 2022, and up from $19,500 in 2021. Thanks to some recent adjustments by the internal revenue service, your 401 (k) will get a bit better in 2024.

This amount is up modestly from 2023, when the individual 401 (k). The 401 (k) contribution limit is $23,000 in 2024.