Max 401k Contribution 2024 Catch Up. In 2022, for people under 50 years old, this limit is. For those with a 401(k), 403(b), or 457 plan through an employer, your new maximum contribution limit.

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. If you are 50 or older, you can defer paying income tax on $30,000 in your 401 (k) plan.