401k Max 2024 Contributions 2024. The contribution limit for simple 401 (k)s is $16,000 (up to $19,500 if you're 50 or older). The irs sets a maximum contribution limit for how much money employees can put into their 401 (k)s, as well as a limit for how much an employer and employee.
Workers who contribute to a 401 (k), 403 (b), most 457 plans and the federal government’s thrift savings plan can contribute up to $23,000 in 2024, a $500 increase. The limit for annual contributions to roth and traditional individual retirement accounts (iras) for the 2024 tax year was $7,000 or $8,000 if you were age 50 or older.
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