2024 401k Max Contribution Amount. 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’re 50 or older, you can stash an additional $7,500 in your 401 (k).
You can contribute to more than one 401 (k) plan. The contribution limits for individual retirement accounts (iras) also.