Maximum 401k Contribution 2024 Per Person Per Year
Maximum 401k Contribution 2024 Per Person Per Year. The contribution limits for individual retirement accounts (iras). Employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from 2023’s $22,500 to $23,000 for 2024.
The 401 (k) contribution limits for 2024 are $23,000 for individuals under 50, and $30,500 for those 50 and older. The irs increased 2024 contribution limits for 401(k)s, 403(b)s, and iras.