401 K Contribution Limits 2024 Over 50. In 2022, the most you can contribute to a roth 401(k) and contribute in pretax contributions to a traditional 401(k) is $20,500. Key takeaways the irs sets the maximum that you and your employer can contribute to your 401(k) each year.

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. The contribution limits for individual retirement accounts (iras).