Max 401k Contribution 2024. In addition, individuals 50 years old or older are eligible to make an additional. The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000.

The 401 (k) contribution limit is the maximum amount an individual can contribute to their 401 (k) retirement account in a calendar year without facing tax. Workplace retirement plan contribution limits for 2024.