Irs Max 401k Contribution 2024 Over 50. For those with a 401(k), 403(b), or 457 plan through an employer, your new maximum contribution limit will go up to $23,000 in 2024. If you contribute to a traditional ira, you won’t owe income tax on your.

Find out the irs limit on how much you and your employer can contribute to your 401(k) retirement savings account in 2023 and 2024. The irs sets 401(k) contribution limits and typically increases them by $500 annually.