What Is The Max 401k Contribution For 2024 Over 60. Employees can contribute up to $23,500 to their 401 (k) plan for 2025 vs. Personal contribution limits for 401 (k) plans increased in 2024 to $23,000—up $500 from $22,500 in 2023—for people under age 50.
In response to inflation and to encourage americans to save more for their golden years, the irs recently increased the contribution limits for 401 (k) plans and other similar retirement accounts. Savers will be able to contribute as much as $23,500 to a 401 (k) in 2025, up from $23,000 in 2024.