2024 401k Contribution Limits 2024. You can contribute to more than one. You can invest up to $23,000 in 401(k) plans in 2024, and anyone age 50 or older can put in an extra $7,500.
Key takeaways the irs sets the maximum that you and your employer can contribute to your 401(k) each year. Of note, the 2024 pretax limit that applies to elective deferrals to irc section 401 (k), 403 (b) and 457 (b) plans increased from $22,500 to $23,000.