2024 401k Maximum Contribution Over 50. The internal revenue service said friday that the amount individuals can contribute to their 401 (k) plans in 2025 has increased to $23,500, up from $23,000 for 2024. The contribution limits for individual retirement accounts (iras) also increases.
The irs has announced the 2025 contribution limits for 401 (k) and iras. 401 (k) contribution limits for 2024.