Max 401k 2024 For 55 Years Old. Historically, the 401k contribution limit usually increases by only $500 every two to three years. — retirement savers are eligible to put $500 more in a 401(k) plan in 2024:
— 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. — this year the irs announced there will be an increase to the maximum employee 401 (k) contribution limit for 2024, increasing it to $23,000, a $500 increase from the 2023 tax season.
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