Max 401k 2024 For 55 Years Old. Savers will be able to contribute as much as $23,000 in 2024 to a 401 (k), up from $22,500 in 2023, an increase of $500 from 2023. For 2024, the 401(k) limit for employee salary deferrals is $23,000, which is above the 2023 401(k) limit of $22,500.
Find out the irs limit on how much you and your employer can contribute to your 401(k) retirement savings account in 2023 and 2024. Individual retirement account (ira) $7,000.