2024 Max 401k Contribution Limits Over 50

2024 Max 401k Contribution Limits Over 50. You can contribute to more than one 401 (k) plan.  — savers will be able to contribute as much as $23,000 in 2024 to a 401(k), up from $22,500 in 2023, an increase of $500 from 2023.

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. Total contributions to a solo 401 (k) cannot exceed $69,000 or $76,500 for those at least aged 50.