401k 2024 Max Contribution Limit Irs. Most people don't max out their 401(k). That's an increase from the 2023 limit of $330,000.
The 401 (k) contribution limits for 2024 are $23,000 for individuals under 50, and $30,500 for those 50 and older. The 2024 ira contribution limit is $7,000, up from $6,500 in 2023.