Maximum 401k Contribution 2024 Per Person. Those 50 and older will be able to add another. The 401 (k) contribution limit for individuals has been increased to $23,000 for 2024.

For the tax year 2024, the maximum amount that an employee can contribute to their 401(k) retirement plan is $23,000. By comparison, the contribution limit for 2021 was $19,500.