Elsey Kirbee

2024 Max 401k Contribution 50 Year Olds Over 60. For 2025, the 401(k) contribution limit for employees is $23,500, or $31,000 if you are age 50 or older. In 2024, the 401(k) contribution limit for participants is increasing to $23,000, up from $22,500 in 2023.

The ira catch‑up contribution limit for individuals ages 50 and over is not subject to an annual cost‑of‑living adjustment and remains $1,000, the irs said. Below, we’ll break down the details on the new 2025 maximum 401k contribution limits as well as the current 2024 maximum 401k contribution limits as you can still contribute.