401k 2024 Max Contribution Amount

401k 2024 Max Contribution Amount. Key takeaways the irs sets the maximum that you and your employer can contribute to your 401(k) each year. The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000.

Contribution limits for a roth 401(k) are the same as for a traditional 401(k). However, there is a limit that.