Maximum 401k Contribution With Catch Up 2024. 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. Employees 50 or older can contribute up to $30,500 with catch.

For 2023, the maximum contribution amounts were $22,500 and. In tax year 2023, you may contribute up to $6,500 to a roth ira, or $7,500 if you are 50 or older.