Maximum 401k Contribution 2024 . The contribution limit for simple 401 (k)s is $16,000 (up to $19,500 if you're 50 or older). This number only includes personal contributions — employer matches.
For 2024, the maximum you can contribute from your paycheck to a 401 (k) is $23,000. Workers who contribute to a 401 (k), 403 (b), most 457 plans and the federal government’s thrift savings plan can contribute up to $23,000 in 2024, a $500 increase from the $22,500 limit in 2023.
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