Max 401k Contribution Limit 2024. If you're 50 or older, the limit is $8,000. For 2024, you can contribute up to $7,000 to a roth or traditional ira.

This year the irs announced there will be an increase to the maximum employee 401(k) contribution limit for 2024, increasing it to $23,000, a $500 increase. The limit on employer and employee contributions is $69,000.