401(k) Contribution Limits in 2024 Before exploring how to max out your contributions, it’s helpful to understand how much you can contribute. In 2024, the 401(k) contribution limit is $23,000, which is up from $22,500 in 2023. Individuals aged 50 and over can contribute an additional...
The IRS sets annual contribution limits on how much you can contribute. For 2025, the maximum amount that you can contribute to a 401(k) plan is $23,500, or $31,000 if you’re age 50 or older thanks to the $7,500catch-up contribution. This is an increase from 2024 when you coul...