What Is The Maximum 401k Contribution 2024. Key takeaways the irs sets the maximum that you and your employer can contribute to your 401(k) each year. For the tax year 2024, the maximum amount that an employee can contribute to their 401(k) retirement plan is $23,000.

What is the maximum 401(k) contribution for 2024 for over 50? For the tax year 2024, the maximum amount that an employee can contribute to their 401(k) retirement plan is $23,000.