401k 2024 Contribution Limits Over 50

401k 2024 Contribution Limits Over 50. If you spread that out over 26 paychecks throughout the year, you would contribute $320 in. Key takeaways the irs sets the maximum that you and your employer can contribute to your 401(k) each year.

You can contribute a maximum of $7,000 (up from $6,500 for 2023). Starting in 2025, the 401 (k) employee deferral limit will jump to $23,500, up from $23,000 in 2024.