Max 401k Contribution 2024 Over 50. Going over the 401(k) contribution limit can. 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.

Of note, the 2024 pretax limit that applies to elective deferrals to irc section 401 (k), 403 (b) and 457 (b) plans increased from $22,500 to $23,000. The ira catch‑up contribution limit for individuals aged 50 and older remains at $7,500 for 2024.