Max 401k And Ira Contribution 2024. For 2024, the 401 (k) limit for employee salary deferrals is $23,000, which is above the 2023 401 (k) limit of $22,500. $6,500 ($7,500 if you're age 50 or older), or.

It usually makes sense to contribute enough to your 401 (k) account to get the maximum matching contribution. The 401 (k) contribution limit for 2023 is $22,500 for employee contributions and $66,000 for combined employee and employer contributions.