Maximum 401k Contribution 2024 Per Person. For 2024, the 401 (k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older. The 401 (k) contribution limit is $23,000.
The 401(k) contribution limit for 2024 is $23,000 for employee contributions, and $69,000 for the combined employee and employer contributions. For taxpayers 50 and older, this limit increases to $8,000.