2024 Maximum 401k Contribution Limits Over 50. Read our write up on the current 401(k) contribution limits and what they mean for you. Looking for the latest on 401(k) contributions in 2024?

However, inflation will increase the maximum amount you can contribute to a cash balance plan in 2024. The 401 (k) and ira contribution limits for 2024 have increased, allowing individuals more opportunities to boost their retirement savings, particularly those aged 50 or older.